Monday, November 18, 2019

Financial Services

Not surprisingly, two of the most common questions about weight-loss surgery are, “Can I afford this surgery?" and "Does insurance cover it?”

The costs of obesity

In considering the expense of surgery, it’s important to first consider the cost of not having surgery . . .  in other words, the cost of obesity. The following outlines what an average person living with obesity might spend each year.

Estimated Annual Costs
Mean medical/drug costs (BMI > 35)¹ $7,337
Out-of-pocket healthcare expenses² $2,684
Employment inactivity costs³ $1,017
Commercial weight loss program fees4 $678
Prescription co-pays (5 meds at $10) $738
Grocery and dining costs5 $6,012
Total $18,466

1 Health Management Research Center, University of Michigan, 2001
2 U.S. Bureau of Labor Statistics, Consumer Expenditures in 2006
3 Source: Colditz, GA, “Economic Costs of Obesity and Inactivity,” Med Science Sports Exercise, 1999
4 Marketdata Enterprises, Inc., 10/02
5 Bureau of Labor Statistics, Consumer Expenditures in 2006

When you compare the recurring annual costs of living with obesity to the cost of LAP-BAND or gastric sleeve surgery, the question should be, "How can you afford not to have this surgery?"

Click on the links below to learn more about the costs of weight-loss surgery, financing options available, and insurance coverage for the procedure.

How much does weight-loss surgery cost?
Does insurance cover weight-loss surgery?
What are my options if I don’t have insurance?

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