| HealthCare Finance
Questions and Answers
1. What is CareCredit’s
healthcare financing? How does it work?
CareCredit’s healthcare
financing is unique. Unlike a traditional credit card,
CareCredit offers financing specifically for healthcare
treatments and procedures. These treatments can include
much needed family dental work, cosmetic surgery or even
veterinary services for your family’s pet. It’s easy to
apply for CareCredit financing online at carecredit.com
and you find out instantly if you are approved.
CareCredit also gives you a ‘No Interest’ option, as
well as an Extended Payment Plan (EPP) which helps you
select a payment plan that works for you. This
convenience allows you to start using your CareCredit
account immediately. CareCredit healthcare financing is
accepted at 100,000 practices, which makes finding a
participating provider simple. Don’t know if your
doctor, dentist, vet or chiropractor accepts CareCredit?
The CareCredit website can help you find an approved
provider in your area.
2. What kind of medical
procedures qualify for CareCredit’s medical financing?
CareCredit can be used for
many necessary healthcare services not generally covered
by traditional health insurance. Hearing and vision
care, such as hearing aids and LASIK, are common
procedures that qualify for CareCredit financing.
General and cosmetic dentistry are also common and
CareCredit financing comes in very handy. Other
qualifying procedures and services include cosmetic
procedures and surgery, chiropractic services and
veterinary services.
3. What are the payment
options for CareCredit’s healthcare financing?
Unlike traditional credit
cards, CareCredit healthcare financing offers different
payment options which allow you flexibility in finding a
payment plan that works for you. If you feel you can pay
off your CareCredit balance within 3, 6, 12, or 18
months, you can select the ‘No Interest’ plan. If you
will need a little more time for paying off your
CareCredit account balance, you can take advantage of
our 11.9 Low Fixed Interest plans for 24, 36, 48, or 60
months.
4. Who endorses
CareCredit’s healthcare financing?
CareCredit healthcare
financing is endorsed by numerous national healthcare
organizations. The American College of Eye Surgeons and
the Society for Excellence in Eye care support
CareCredit’s financing of LASIK and vision care.
CareCredit’s dentistry financing is endorsed by the
American Dental Association, Academy of General
Dentistry and other national dental associations and
academies. In addition to the national endorsements,
CareCredit is also endorsed by over 20 state dental
societies and associations. The American Society of
Plastic Surgeons, American Animal Hospital Association
and American Hearing Aid Associates are just a few of
the other national endorsements of CareCredit. For a
complete list of national and state endorsements, please
visit our website at
https://www.carecredit.com/endorsements.html
5. How do I apply for
CareCredit’s healthcare financing?
Because we know that your
time is important, we make applying for CareCredit
healthcare financing easy. Apply online at
http://www.carecredit.com/apply/ for instant
approval and use our search tool to locate a provider
near you. You can apply and be instantly approved by
phone 24 hours a day at (800) 677-0718 using our simple
automated system or speak with a live customer service
agent from 8:00 am – 8:00 pm (EST). You can even apply
and be instantly approved at your doctor’s office.
6. Is CareCredit’s
healthcare financing the same as a personal loan?
No. CareCredit healthcare
financing is exclusively for healthcare services such as
dentistry, vision and hearing care and veterinary
services. CareCredit also differs from personal loans in
that payment plans are flexible and you can choose a
payment plan that works for you.
7. Is cosmetic surgery
also financed through the CareCredit plan?
Yes. Financing breast
augmentation, liposuction or rhinoplasty is easy with a
CareCredit provider. Not only are surgical procedures
eligible for CareCredit financing, but outpatient
cosmetic procedures, such a Botox, laser hair removal
and skin treatments also qualify.
8. If I don’t have the
best credit score, can I still get approved for
CareCredit’s healthcare financing?
Yes. A lower credit score
may effect your payment options, but you will still be
approved.
9. What is a CareCredit
card? What is the interest rate?
The CareCredit card is a
credit card designed for healthcare and beauty services.
Unlike traditional consumer credit cards, CareCredit
offers a wide array of options, including no pre-payment
penalties, no up-front costs and no interest financing
if paid within 3, 6, 12, or 18 months. If a longer
payoff time is desired, payment plans of 24, 36, 48, or
60 months are available with 11.9% Low Fixed Interest.
10. How can I find out
if my doctor is part of the CareCredit Network?
You can find out if your
doctor accepts CareCredit by searching our online
Provider Locator at
http://www.carecredit.com/providerloc/. Search by
doctor name or practice or even search by professional
service. The CareCredit Provider Locator will give you a
list of providers in your area.
11. Do different
doctors offer different plans?
Yes. Every provider offers
a variety of our No Interest and Low Fixed Interest (EPP,
Extended Payment Plans). However, all doctors offer the
‘3 Months No Interest’ Payment Plan. Each provider
and/or office can offer whichever plans they choose to.
Providers select the plans which work best for their
business and patients. When selecting a provider from
our Provider Locator, be sure they offer the plan you
are most comfortable with.
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