Laser hair removal offers an economical and permanent alternative to shaving, waxing, plucking and threading, but is often not covered by medical insurance plans and can be prohibitively expensive.
Prices vary based on your geographical location and specialist of choice, as well as inflation rates – this may cause prices of laser hair removal to increase over time.
Insurance
Laser hair removal is generally considered cosmetic surgery and therefore, private insurance will typically not cover it. However, there may be instances in which it could be considered medically necessary; typically when someone suffers from uncomfortable hair growth that does not respond to other treatment options like shaving or waxing; insurance providers will consider covering laser hair removal treatments as part of a holistic plan for medical necessity.
Some dermatologists that offer laser hair removal also provide package deals or flexible payment plans to their patients. Patients typically need several sessions before their problem resolves itself; frequency may depend on individual, but typically sessions should occur four or six weeks apart. Once desired results have been reached, touch-up treatments may need to be scheduled once annually for several years in order to keep unwanted hair from growing back again.
People seeking laser hair removal treatments should ensure they choose a doctor with experience treating patients of their skin type. Preferably, the physician will be board-certified in dermatology or plastic surgery and should have extensive experience performing laser hair removal on various skin types. Salons or spas that allow nonmedical personnel to perform the procedures should also be avoided as these may pose risk; licensed aestheticians who have completed a laser safety course and registered with their state licensing board would be suitable alternatives.
Laser hair removal centers have become an increasingly popular business niche, so it is crucial that those operating them possess adequate laser hair removal center insurance policies to safeguard themselves financially from potential loss. Aside from general liability policies, owners of laser hair removal centers should also purchase business owners policies (BOP) and excess liability coverage to cover repairs or replacement of equipment damaged in accidents or natural disasters, and could help cover damages from employees stealing money from them.
Medical Credit Cards
Many doctors offer medical credit cards that allow their patients to finance procedures such as laser hair removal on their behalf. Similar to a traditional credit card, medical credit cards work like any other but can only be used for medical expenses and typically offer an introductory 0% interest period. Before using one though, make sure that you fully understand its terms and will pay off any balance before the promotional 0% period ends; additionally check whether this card reports to credit bureaus since late payments could result in either an increase of your APR or loss of the 0% rate
Medical credit cards are promoted by hospitals and doctor’s offices as an efficient means to get paid quickly without incurring additional expenses for sending statements and collecting payments. Some cards may be made available through your health insurance, while others are promoted directly by providers themselves or financial companies; generally they only remain available for a set amount of time (typically 24-months) with deferred interest charges applied each month.
Once the introductory period concludes, standard credit card interest rates apply to the remaining balance and can be quite steep. Some cards also feature fees; should any payments go unmade during promotional periods, delinquency can ensue and subsequent collection activities may ensue.
Consumer Financial Protection Bureau is conducting an investigation of how these types of credit cards impact patients. Some users reported being pressured into financing procedures using medical credit cards only to discover that once the 0% period expired they could no longer afford to repay it and were instead left paying high monthly charges for extended periods of time.
Before selecting a medical credit card, it is crucial that you carefully compare its terms and conditions against similar traditional cards offering 0% introductory periods and financing offers. Utilizing a credit card calculator is key in order to assess if you can afford both minimum payments each month as well as total balance before the end of introductory period ends. You should also be mindful if reporting to credit bureaus will occur; if so which bureaus they report too.
Medical Loans
Laser hair removal is an innovative non-invasive solution for permanently eliminating unwanted body hair. This safe and effective procedure is regarded as safe for permanent reduction of facial, neck, armpit, leg, bikini line hair growth. Furthermore, it may reduce ingrown hairs, razor bumps, as well as reduce or diminish acne breakouts. Cost per session typically ranges between $200 to $900 depending on the area being treated and may require multiple appointments in order to achieve desired results for hair removal. No matter the cost of laser hair removal, it is wise to investigate all financing options that may help cover it. Medical credit cards, loans and long-term payment plans can all provide effective strategies to help ease financial strain during an expensive procedure.
One of the more popular financing solutions is a medical loan, which can be obtained from various lenders with favorable terms and conditions. Such loans may be beneficial when financing larger medical procedures like laser hair removal; however, they should be carefully considered before proceeding as they could have serious repercussions for your credit score if repayment becomes an issue.
Consideration must also be given to how much interest will accrue on a medical loan, which may either be charged at a fixed or variable rate depending on your credit score. You should also take into account any possible penalties should you not repay on time, similar to when paying credit card bills late.
If you are considering laser hair removal, it is recommended that you consult with a certified laser specialist in order to receive an accurate list of costs associated with your specific requirements and plan for inflation or any other factors that could alter their price.
Long-Term Payment Plans
Laser hair removal uses targeted pulses of light to target hair follicle roots and prevent future growth, offering a less-painful alternative than shaving or waxing and with no downtime needed for recovery. Furthermore, it’s permanent solutions; though touch ups may be required occasionally to maintain optimal results.
Before proceeding with laser hair removal, it is wise to carefully review all available payment options, such as medical credit cards, loans and long-term payments plans. Doing so may prevent overpayment or the creation of further debt down the line.
Laser Hair Removal Can Save You Money Over Time
Laser hair removal can be extremely cost-effective over time. Even with its upfront expense, laser treatment is much cheaper than razors and shaving cream or waxing salon visits on an ongoing basis; in fact, one treatment could save you significant sums over the course of years when factoring in all other methods for hair removal.
Laser hair removal can also help you prevent ingrown hairs that result from shaving or waxing, often creating painful ingrown hairs that are difficult to get rid of. Laser hair removal targets the roots of hair to change texture of skin, eliminating ingrown hairs.
Save on other products such as waxing supplies that can be costly and harmful to your skin; and with it being a permanent solution, no additional razors or waxing kits will need to be purchased in the future. When considering laser hair removal, be sure to speak with a qualified specialist who can give an accurate estimation of costs as well as explain any associated financing options and their pros/cons. Some medical credit cards carry high interest rates that could quickly put you in debt if not repaid promptly. Furthermore, it’s essential that the procedure you want performed on you be appropriate for your individual health conditions or medications as these could hinder its results and compromise its outcomes.
