Tummy tucks, liposuction and facial plastic surgery treatments were once at the top of the agenda for many people looking for ways to enhance their appearance. However, these pricey procedures have become a low priority during the economic downturn; many people are simply saying 'no' to surgery in order to be more pennywise during the rough economic climate.
Doctors are hoping to entice frugal patients with layaway programs and financing options that help cover the costs of surgery.
Dr. Charles Mok, a cosmetic surgeon at Allure Medical Spa in Shelby Township, Michigan is one of several cosmetic surgeons to offer an exclusive layaway plan for patients. This 100% interest-free program allows patients to make payments towards their procedure on their own schedule, and then have their procedure when all of their payments have been made. If they decide to change their mind at any time before having the treatment, they can void the agreement and get a full refund.
The primary benefits of this layaway plan, or plastic surgery 'savings' plan, are that the prospective patient is only spending money that they actually have, and they have the freedom to void the contract if they need the cash for other expenses during the term of the agreement. Dr. Mok explains that all the funds are put away in a safe and secure, non-interest bearing account and posted as credits to the patient's file. He also offers financing programs at his medical spa, but these are not always the best option for patients who want to get out of debt.
In addition to layaway plans or custom payment plans, many cosmetic and plastic surgeons still offer patient financing programs through CareCredit. CareCredit works just like a credit card, and allows doctors to offer no-interest payment plans for cosmetic and plastic surgery procedures. CareCredit accountholders can also use their credit line for cosmetic dentistry procedures, LASIK vision correction, and other elective surgery treatments where they are wholly responsible for the out-of-pocket expenses.