Get help with medical debt and bills from CareCredit.
CareCredit is a program offered by General Electric (GE Money). This is one of the largest financial services companies in the world, which means you can trust them. The program has earned many endorsements from a long list of credible healthcare organizations and medical providers. To date, the card has helped over seven million people pay for and get the healthcare treatments they want and need.
What exactly is CareCredit?
CareCredit is a personal line of credit that is provided to help pay for healthcare procedures and treatments. It can be used to provide medical services for your entire family, even including your pets. CareCredit works like a credit card but it does have two distinct advantages. You can get Zero percent interest financing every time you use it, and it can only be used for healthcare services and to pay medical bills.
You just need to simply pay your minimum monthly payment and pay off the entire card balance by the end of your promotional period and you will not pay any interest expense on the medical treatments you need. If it turns out that you do need additional time to pay for your medical bills or debt, you can take advantage of the extended payment plans on your loans with very low, fixed interest rates. To learn more or to apply for the General Electric CareCredit card, dial (866) 893-7864.
This is not the only option available for consumers or those seeking medical care. Patients can discuss available financing programs with medical billing advocates, explore low interest rate credit cards (in addition to CareCredit), and look into other solutions. If you want to learn about other financing options, find additional ways to get help with debt and bills. There are many programs out there. Continue with loan and debt assistance.
What is the CareCredit payment plan?
The payment plan that is offered by CareCredit offers a full range of payment methods. The 3, 6, 12, & 18 month No Interest plans feature monthly payments as low as 3% of the outstanding balance. As indicated, these particular plans let you pay off your bills within the specified time without incurring interest charges. So just simply make your minimum monthly payment, which will allow you to pay off your entire balance during the agreed upon time period, and you will end up paying zero interest costs or fees.
How is my Visa or MasterCard different from CareCredit?
Unlike your MasterCard or Visa credit card, the CareCredit card is exclusive for healthcare services, medical bills, prescriptions and other health care debt. Another key benefit is that you also can get No Interest financing every time you use it. You can therefore save your consumer credit cards for household or other expenses. And if you need more time to pay for your medical bills or procedure, you can take advantage of the extended payment plans that offer low, fixed interest rates.
The CareCredit card seems too good to be true. How does this work?
Over 100,000 healthcare providers and doctors across the nation accept CareCredit. Many endorse this service as it does provide people a way to pay for a needed medical procedure rather than put off the treatment, which could just lead to further and more severe health care problems down the road. The use of the CareCredit card allows patients to get the care they need and it allows health care providers to focus on delivery of the best possible healthcare, instead of costs.
What locations can I use CareCredit?
Your CareCredit card can be used at over 100,000 healthcare locations and practices nationwide for medical services including Dentistry, LASIK, Cosmetic Surgery, Veterinary, Cosmetic Treatments, Hearing Care and more. And the CareCredit card can be used over and over without reapplying. You can use it for you, your family, and even your household pets. If you are not comfortable with this, then look into free health care if Care Credit is not a viable option for you.
Can you pay off the CareCredit balance and balance on account before the end of the term?
Yes you can. There are absolutely zero prepayment penalties with CareCredit. In fact, it is recommend to do this to ensure that no financing charges are incurred. Regardless of how a patient decides to pay for any needed procedure, always be sure to minimize the interest costs and be sure to explore all payment plans, debt or loan options that may be available to you.
Can I pay for a portion of the medical treatment myself and use the CareCredit for the remainder?
Absolutely. You can pay a portion and then use CareCredit to help pay for any treatment balances that range from from $1 to over $25,000. So patients can combine different types of credit cards, financing, or payment methods in order to get the treatment they need.