UPDATED: SEPTEMBER 18, 2023 | 3 MIN READ
Are you ready to embark on a transformative journey towards better health and a brighter future? While shedding those extra pounds offers immediate rewards, an often-overlooked treasure awaits you: the long-term cost savings. Join us as we uncover how weight loss surgery revitalizes your health and secures your financial well-being, making it a savvy investment in your future.
Cost investment of weight loss surgery
Weight loss surgery isn’t just an investment in your health; it’s also a financial commitment. The initial cost varies between $7,400 to $33,000 without insurance, depending on the type of surgery you choose. Procedures like gastric bypass and sleeve gastrectomy may have different price tags, but the long-term financial impact truly matters.
Immediate health benefits of weight loss surgery
One of the most remarkable aspects of weight loss surgery is the immediate health improvements it offers. Rapid weight loss can lead to reduced reliance on medications and a decreased risk of obesity-related health problems like diabetes and hypertension. As you embark on your post-surgery journey, you’ll notice decreased medical bills and prescription costs.
Long-term health benefits
The benefits of weight loss surgery extend far beyond the first few months. Maintaining a healthier weight will significantly lower your risk of chronic diseases such as heart disease and certain types of cancer. In addition, a healthier weight and diet changes can help reverse health issues like high blood pressure. Fewer health complications mean fewer medical expenses over the years, resulting in substantial long-term cost savings.
Improved quality of life
Weight loss surgery isn’t just about shedding pounds; it’s about enhancing your overall quality of life. As you become more active and energetic, you’ll be more engaged in your personal and professional life. This boost in productivity and reduced absenteeism can lead to financial gains you might not have anticipated.
As you become more active and have more energy, you can do more activities that make you happy and improve your mood.
Dietary changes and cost savings of weight loss surgery
You’ll adopt a healthier diet post-surgery to support your weight loss journey. A diet rich in nutritious foods not only contributes to better health but also trims your grocery bills and dining expenses. You’ll spend less on processed foods and more on fresh, wholesome ingredients.
Savings on medications
One of the most significant cost savings associated with weight loss surgery comes from a reduced need for medications. As you shed pounds and your health improves, you may take fewer prescriptions and over-the-counter drugs. Over time, these savings can add up significantly.
Lower healthcare costs
With improved health comes a decreased need for frequent medical visits and hospitalizations. Reducing healthcare expenses and fewer emergency room visits contribute to substantial long-term savings. Your wallet will thank you as you enjoy fewer medical bills in the years ahead.
Statistics from the NIH on cost savings with weight loss surgery
According to the National Library of Medicine, bariatric surgery is both cost-effective and life-enhancing compared to conservative management. The benefits extend across various health aspects, with surgery reducing the risk of events ranging from a 16% decrease in transient ischaemic attacks to an impressive 62% drop in the incidence of type 2 diabetes. Over a lifetime, each patient who opts for surgery not only saves $10,432 but also gains an additional 0.8 years of life and enjoys 4.1 quality-adjusted life years (QALYs).
However, it’s essential to note that any delay in surgery provision, especially for patients with diabetes or a body mass index exceeding 40 kg/m2, can have adverse consequences. A three-year delay may result in an overall increase in the lifetime cost of treatment for these patients. Furthermore, such delays could lead to a loss of clinical benefits, amounting to as much as 0.6 additional life years and 1.2 QALYs per patient over their lifetime.
Enhanced career opportunities
A healthier body often leads to better career prospects. Increased confidence and vitality can open doors to promotions and new job opportunities. These career advancements can result in higher salaries and improved financial stability.
Emotional well-being and Its financial impact
Don’t underestimate the financial benefits of improved emotional well-being. Weight loss surgery can boost your self-esteem and mental health, leading to a happier life. Better emotional well-being can help you make wise financial decisions and avoid impulsive spending habits.
In addition, with an improvement in mental health, there may be fewer costs associated with medications and healthcare appointments with mental health specialists.
Life insurance premiums and weight loss surgery
Consider the impact of weight loss surgery on your insurance premiums. Life insurance uses morbidity rates and charts to set premiums. Individuals in a healthy weight range will pay less for life insurance premiums.
Don’t overlook the long-term financial benefits of weight loss surgery in your quest for a healthier, happier life. It’s not just about shedding pounds; it’s about gaining financial freedom. As you decide to invest in your health, remember that you’re also investing in a brighter, more prosperous future. The cost savings of weight loss surgery can lead to a lighter and richer life.
Remember, with the health risks of any surgery. You may not be qualified to purchase new life insurance for six months to a year after the procedure. Fortunately, once that period passes, you can expect lower rates based on height and weight.
Does weight loss surgery lower health insurance premiums?
For most health insurance policies, your weight won’t affect premiums. ACA Marketplace, and employer group plans can’t charge more or less based on height and weight. Keep in mind, that insurance options that are not part of the ACA regulations, such as a Medicare Supplement, could see a decrease in rates.
Does weight loss surgery lower medication costs?
Many individuals that undergone weight loss surgery were able to lower the amount of medications they take. Thus lowering the costs of their medications.
Can weight loss surgery lower other insurance costs?
It can absolutely lower costs related to using your insurance plan. Primarily in copays, because you’ll be more healthy, resulting in fewer visits to the doctor.
Find health insurance to cover weight loss procedures
Ready to explore weight loss surgery as a path to financial freedom? Fill out our online request form or call the number above to consult with a licensed insurance agent to discuss your options and insurance coverage. Take the first step toward a healthier, wealthier you. Your future self will thank you.