Diabetes is a common chronic health condition worldwide. Today, about 10.4% of the total US population (around 34.2 million people) has been diagnosed with the disease. Diabetes medical care may cost thousands of dollars every year. Not every American can afford to access proper medical care. So, one can get a diabetes treatment financing solution.
Let’s discuss the need for patient financing options for diabetic patient and how can you find the best solution-
Why You Need A Diabetes Treatment Financing Solution?
A study by American Diabetes Association suggests that people with diagnosed diabetes incur average medical expenditures of $16,752 per year. This data clearly indicates that the cost of treatment is high. Plus, the doctor’s appointment and regular checkups can add to the expense.
If you or someone you know have diabetes and need help paying for their care, getting diabetes treatment financing is the best option. It will help you to start your treatment as early as possible without worrying about money. So, you will get a diabetes treatment financing loan that you can pay back in easy installments.
How To Find The Best Diabetes Treatment Financing Solution?
As discussed earlier, treating and managing diabetes is expensive. You may need financial help to pay for medical care.
The best diabetes treatment finance program will help you to access diabetes care. But before you choose one, consider the following factors:
Instant Loan Approval
Ask the diabetes treatment financing provider how long the process of loan application and approval is. This is because most of the providers take several days to check your eligibility and then approve your loan. This is a time-consuming process that doesn’t even guarantee the approval of your diabetes care loan.
A report by WHO states that 1.6 million deaths (each year) are directly connected to diabetes. Hence, you should not take any risk of waiting for days to get your loan approved. Instead, choose an ideal solution that approves your loan instantly.
No Credit Checks
Did you know credit scores are an important eligibility factor? If you are running low on credit scores, most of the financial solution providers will reject your diabetes treatment financing loan. Does it mean you can’t have access to diabetes care and treatment with low credit scores?
Well, you definitely can, if you pick the right patient financing option. For instance, Denefits is America’s leading financial solution for patients that approves the loan without even checking your credit scores. Not only this, it helps you to improve your credit score.
It boosts your credit scores if you make on-time payments. Denefits shares timely payment records with major credit agencies in the market. As a result, your credit scores will improve. Unbelievable, right?
Flexible Payment Plan
Usually, most of the diabetes treatment financing solutions come with rigid and unagreeable terms. It means you need to make the payments on the asked day. Failing to do so, you are charged with a deferred penalty.
Most of the time, the deferred penalties are too high that it makes the expensive treatment even more costly. So, carefully pick a suitable solution that allows you to select your payment day as per your convenience. Also, you can easily change the payment day with no deferred penalty imposed.
Most patients fear the outcomes if they fail to pay back the diabetes treatment financing loan. If you have the same concern, it’s better to ask your provider about it. So, wisely choose a solution that offers you help under such circumstances.
Now, you would be thinking if you can find such a financial solution in reality. The answer is YES. You should find a solution that allows social payments to make payments.
It means the solution would allow you to share your story with your family, friends, and community. Surprisingly, it would accept the generosity and kindness of others. So, the amount from the charity would be directly linked to your account and considered as payments.
Diabetes is a chronic disease that can impose a significant burden on your finances. So, it is wise to get the best diabetes treatment financing solution. However, you must make a mindful decision with the help of these tips to avoid any scam or fraud. It’s time to live a quality life with complete diabetes care with an ideal diabetes treatment solution.