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Medical Debt Financing

Find your best consolidation option for medical debt relief

Patient with cast on foot talks happily on phone, knowing his bills will be manageable.Your health is your most important asset, and you can’t always plan for the biggest costs, like surgery, hospital stays, medical equipment, and home health care. Before you know it, you may be over your head in medical bills. 

Medical Expenses Covered

Medical expenses can range from those not covered by insurance to co-pays, deductibles, and directly billed medical costs. If your medical debt is beyond your means to pay, seeking assistance is perfectly understandable. You are not alone! In fact, medical expenses account for more than 60 percent of personal bankruptcies in the U.S. And the majority of those filing for medical expense-related bankruptcy had some kind of health insurance. 

Once you seek our help, we can determine how to assist you to cover many of these expenses. Depending on your specific financial situation, we may recommend one of a number of different options. Financing options may include a Health Improvement Loan, a lower-rate credit card, a Home Equity Loan or Line of Credit, or a Personal Loan. Ask us how we can evaluate your expenses, budget, and financial standing, and help you determine the best approach for you.

If you qualify for a Health Improvement Loan, the types of expenses covered include:

  • Dental, medical, or vision expenses1
  • Surgery
  • Prescriptions2
  • Physician’s charges, including well visits
  • Hospital bills, including supplies
  • Medical equipment
  • Over-the-counter medicines and home health/medical supplies3

Surgery and Medical Billing Help

Doctor discussing billing with patient and his wife, covered by a Health Improvement Loan. When you speak with a Financial Services Representative, we will start by learning more about you and your personal situation. In addition to your medical debt, including both current and known ongoing expenses, we will look at your financial standing, from debt to your income and ability to handle payments in an affordable way. Above all, we want to improve your financial situation in a way that allows you to live a positive financial life going forward.     

Medical Debt Consolidation Plan

Many who apply for a Health Improvement Loan are already in debt, and are paying expenses on everything from multiple credit cards to personal loans or hospital payment plans. We can discuss the possibility of a debt consolidation plan for your expenses, including a medical loan, and work out your options for creating a more manageable debt payment plan. 

Pharmacist reads labels on prescription drugs covered by a Health Improvement Loan.

Live Smarter 

Begin the road back to financial confidence. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly Member service representatives today.

Interested In Learning More?

To see the different types of debt services available to our Members, visit our Debt Consolidation overview page.

Let’s Get Started

Make an appointment with one of our friendly Member service representatives today.

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Health Improvement Loan Coverage Disclosures

1 Incurred by you, your dependent children, or your parents (that you are responsible for)

2 Those already ordered, or prescribed in the current month. This is not a revolving line of credit.

3 Does not include exercise equipment or gym memberships.

Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change.