Financing for Treatment Options
The costs of drug or alcohol and/or co-occurring disorders treatment can be overwhelming. Many people feel they cannot afford treatment and hesitate to reach out for the help they so desperately need. The benefits of a good treatment facility can be a life-changing experience and can give you and your family the best chance of living a life free from your addiction or disorder.
Futures of Palm Beach will assist in billing your insurance provider by providing a completed claim and itemization of charges from your treatment. We will also work with your carrier and provide updates throughout treatment regarding your medical care, and inform you of any changes in your claimed charges. Insurance policies and benefits vary greatly; our staff can help obtain a quote for coverage under your policy. This data provides a list of benefits allowable according to the definitions of the contract as provided by your insurance carrier. Your employer and insurance agent can also be helpful in answering questions about your available benefits. We work with many national carriers including Aetna, Blue Cross/Blue Shield and UnitedHealthcare. People who abuse drugs or alcohol, don’t get their drugs for free. Addicts spend an exorbitant amount of money to support their habit. Sadly, in order to hide the extent of their drug use, many resort to manipulating, borrowing and even stealing. People suffering from co-occurring disorders pay untold costs in medical bills from serious health emergencies and complications from their disorder. Hiding purchase of food and diet aides is very common.
The savings in medical bills, legal fees, and the purchasing of drugs surely outstrip the costs of good treatment.
Before you make a decision about a facility, ask the top management about insurance reimbursement and financing options. You may find that treatment is more affordable than you had first thought.
For many people, private funding is the best option. Paying upfront offers the security of knowing that there will be no bills to pay once treatment is concluded. If money is tight, you may want to access private financing so you will not have to interrupt treatment before it is completed.
Financing for Treatment Options
Futures works with Prosper Healthcare Lending, a trusted financing provider helping individuals and families get the treatment they need during difficult periods in their lives. They offer multiple unique patient financing for treatment solutions on one platform to help more patients get approved, and to ensure you get the best rates available.
Futures of Palm Beach will assist in billing your insurance provider by providing a completed claim and itemization of charges from your treatment. We will also work with your carrier and provide updates throughout treatment regarding your medical care, and inform you of any changes in your claimed charges.
Insurance policies and benefits vary greatly; our staff can help obtain a quote of coverage under your policy. This data provides a list of benefits allowable according to the definitions of the contract as provided by your insurance carrier. Your employer and insurance agent can also be helpful in answering questions about your available benefits. The insurance carrier or managed care company determines the appropriateness of care based on your presenting problem(s). They have established guidelines for medical necessity and may certify a portion of your stay up front. Rarely does a plan approve an entire treatment stay. Futures of Palm Beach will work with your insurance company to provide the requested clinical information, but Futures of Palm Beach has no control over the outcome of these reviews. Importantly, these reviews do not guarantee payment by your insurance carrier upon final billing. Over the past few years, many states have required that insurance companies provide benefits for behavioral health. Futures has a high degree of experience working with insurance companies and we are able to use that experience to help fight for the highest reimbursement possible. It is very important to note that insurance policies vary drastically from one plan to the next and from one state to the next. For example, some insurance companies require:
- That you must have completed outpatient treatment before considering residential treatment
- That a co-pay must be made in addition to what they will cover. Co-pays are payments that your insurance company will ask you to pay before you come to residential treatment. Co-pay is different from a deductible, which is an out-of-pocket expense you may be asked to pay as part of the percentage that your insurance does not cover.
- That you are only covered to stay in residential treatment for a certain amount of days per year or a certain number of days over your lifetime.
- That you may only be covered for a limited dollar amount
Each of these requirements is important when it comes to residential inpatient treatment, and we will guide you through this process and do our best to obtain the maximum reimbursement possible.