5 Ways to Finance Addiction Treatment

Substance abuse and addiction are rampant. There’s an opioid addiction epidemic in the United States, but there are plenty of other drugs that are being abused as well. If you think about it, you’ll likely realize you know someone who has battled these demons. Maybe you’ve even had these struggles yourself.

Ambetter rehabs can help you if you’re in this situation. Before you give them a call, though, you should think about how you will pay for your treatment. These programs can be costly, and the admins expect you to come up with the money one way or another.

Let’s discuss some of the common ways that individuals who check themselves into these programs finance them.

1. Your Savings

If you have money in savings, that’s likely your best bet as you get ready to pay for an addiction treatment program. Maybe you have enough cash in a checking or savings account.

You can see how much the program costs, and then you can see whether you have enough money to pay for it outright.

2. Getting Financial Help from a Relative

You might also ask a relative if they can help you out with the cost of an addiction treatment program. If you have a parent, sibling, or someone else in your family who you know has money, maybe they will be generous.

If they love you and care about you, they will realize that this treatment might save your life or make it significantly better.

3. Asking for a Raise at Work

You can also ask for a raise at work. If you don’t have a significant nest egg or a wealthy and generous relative, maybe you feel like the job you’ve been doing at work warrants a raise.

If you have more money coming in at work, or if you can secure a bonus, maybe that’s what it takes to get you into a treatment program.

4. Getting a Short-Term Loan

If that’s not possible, then you can always talk to either someone at a bank or a credit union about securing a short-term loan. If you have at least okay credit, they will probably be receptive to the idea.

If you go that route, then you should try to find a loan at an acceptable interest rate. You should also have a pretty good idea of when you can pay that money back.

You want to deal with your addiction issues, but you also don’t want to be stuck with a large amount of money hanging over your head that you can’t pay back.

5. Selling Something Valuable

If all else fails, you might think about whether you have anything that’s worth money that you can sell. Maybe you can sell your car, your house, some jewelry, or anything else you have that can fetch a decent amount.

You probably will be reluctant to do this, but if you have no alternative, it might be the best way to go.

Consider these options and figure out what’s the best path forward.