About Addiction Treatment
Some people seeking financing have already found the treatment center they wish to participate in, while others are still considering their options and want to have their ability to pay lined up ahead of time.
If you have already chosen which program to participate in don’t second guess your due diligence. Instead, have faith in your selection and move forward without delaying the process any further.
If you are still seeking a facility, here are some helpful tips on what to look for when you’re selecting a rehab program for yourself or a loved one.
1. Location and setting – Do you want something close by or far away? There are plenty of reasons to do either, and we recommend that you don’t automatically rule out one in favor of the other. You just might find that right place to suit your needs clear across the country, or there may be the perfect program in your own state.
Sometimes this can be dictated by what level of are you are receiving, such as detoxification, inpatient/residential treatment, partial hospitalization (PHP)/day treatment, intensive outpatient (IOP) or regular outpatient. Some facilities may provide all of these services at one location, or there may be a series of transfers from one setting or location to another to meet the treatment goals.
2. Treatment type – Are you looking for a program that treats co-occurring disorders? Do you want something that incorporates the traditional 12-step model of recovery or a different approach? When seeking private treatment programs, there are many options available, and many facilities have different tracks within their overall program.
3. Cost – The costs associated with substance abuse treatment are usually pretty high overall since it is a specialty type of service, but it is much less expensive than a hospital stay. Daily rates can range from $300 to $3,000, depending on the type of services being delivered and the setting. This means that rehab programs can cost somewhere between $6,000 and $90,000 per month.
There are many ways to make this more affordable for people. Having private health insurance is one of the best ways, though there are still usually co-pays, deductibles and out-of-pocket maximums that may need to be met. Many programs will also offer short-term financing to make payments during the course of treatment.
For people seeking longer-term payment options, we’re here to help. Our lending partner provides unsecured personal loans that can be used for treatment programs and other related costs, up to $20,000 for qualified borrowers.