A main concern for many seeking treatment for substance use is financing. Rehabilitation programs can be expensive. A majority of health insurance plans include some level of addiction treatment, which can be very helpful in making treatment affordable. However, the coverage offered for substance use disorder treatment and rehabilitation varies between providers and plans. Even extensive coverage of these services is likely to leave the individual with some payment responsibilities. Because rehab can be cost-prohibitive for some, many financing options are available to help pay for these services.
While substance use disorder treatment can seem to carry a high financial burden, treatment has been found to be cost-effective, as it helps prevent other costs in the future. According to NIDA, substance abuse costs the United States over $600 billion each year in healthcare and criminal costs as well as lost productivity. Ultimately, the results of addiction – higher health-related expenses, the cost to jail individuals for addiction-related crime, absenteeism at work, etc. – add up to a much greater cost than the price of treatment.
In addition, addiction treatment leads to a host of other benefits, including fewer interpersonal conflicts, greater workplace productivity, and fewer drug-related accidents like overdoses and deaths.
Most treatment facilities accept some form of insurance. The Oxford Center accepts Blue Cross Blue Shield health insurance plans. Your provider may cover some or all of the cost of treatment, depending on your specific plan. We can help you ascertain the specifics of your coverage so you can know exactly how much will be covered by your plan.
The Affordable Care Act enacted comprehensive health insurance reforms. The ACA includes substance use disorder treatment as an essential health benefit, meaning that health insurance plans must now cover this service. The exact services covered vary between plans and providers. Coverage for addiction and mental health care must now be equal to the coverage offered for other medical issues.
The ACA also increased the number of people eligible for Medicaid, and you may be able to receive healthcare coverage through this program. Because health insurance plans purchased through the health market exchange, as well as Medicaid, now cover addiction treatment services, your health insurance provider will likely cover at least partial costs of your substance use disorder treatment.
Additional Payment Options
You may wish to use personal finances to pay for treatment services. Receiving treatment for addiction or substance use disorders can have an extensive and lasting positive impact on quality of life and future earning potential, making treatment a wise investment. If you lack the personal funds to pay for treatment, you may be able to borrow from your 401(k) or IRA fund.
Payment plans are offered by many facilities and treatment centers. These plans allow you to pay your bill in small increments over time, rather than paying for services in full when you receive them. Some service providers may operate on a “sliding scale,” meaning fees are based on individual circumstances and income level. Most providers are willing to work with each individual to establish a payment plan that works for both you and the provider.
Using a credit card or taking out a loan may also be a viable option to help you pay for treatment.
Some organizations specialize in giving loans meant to pay for substance abuse treatment services.
These types of loans often have lower interest rates than personal loans or credit cards.
Healthcare credit cards can be another source of financing. Specialized credit card companies offer credit to people looking to cover medical expenses, including drug rehab. These cards may even be available to people with poor credit. Interest rates on credit cards can be very high, so it is best to only use this option if you can pay the balance quickly.
Assistance with the Payment Process
The prospect of navigating the financial aspect of addiction care can be daunting. Most addiction treatment facilities have specialists on hand to walk you through the process. We’re happy to do that for you here at The Oxford Center. Call us to learn more.