A woman working on financial planning for addiction rehab.

How to Financially Plan for Addiction Treatment

If you have a loved one who is struggling with addiction, you already know the difficulties they are facing. From negative social influences to constant relapse triggers, every day they are faced with another obstacle to overcome in their journey toward recovery.

While the personal problems can, at times, feel overwhelming, the collateral struggles associated with the entire recovery process can prove to be just as difficult.

Making the decision to begin a rehab program is the best decision they will ever make, but the ways in which their personal life will be uprooted need to be taken into account. That’s why working with them to formulate a comprehensive plan that includes managing their personal obligations and making the necessary preparations to cover the cost of addiction treatment is essential.

This will not only decrease unnecessary stressors while they transition into treatment, but it will also ensure that their time in recovery is focused solely on the most important thing: achieving sustained sobriety.

Financial Planning for Addiction Rehab

Legislation like The Americans with Disabilities Act and the Comprehensive Addiction and Recovery Act were set in place to provide financial assistance and insurance coverage for anyone who is struggling with the disease of addiction.

Contacting your insurance provider and local drug board to discuss what coverages and resources are available before beginning addiction treatment is an ideal first step. They can inform you what costs are covered and what will need to be paid directly out-of-pocket.

Once this is established, you can begin working with your loved one to formulate a solid plan to cover the cost of therapy in order to remove any roadblocks that would stand in between them and their recovery journey.

How to Pay for Inpatient Rehab

There are a number of viable methods available to pay for addiction treatment. From insurance coverage to employee assistance programs, the payment options accessible to your loved one need to be identified in order to best facilitate their transition into therapy.

Taking the time to research their specific situation to see which route best fits their needs can save time and keep them focused and motivated to begin treatment.

Some of the available payment sources include:

Health Insurance Coverage

If your loved one has health insurance through their employer, then chances are their insurance will pay for at least part of their addiction treatment. In most cases, the amount covered will vary depending on the type of coverage they have and how severe their addiction is.

Is your loved one not sure what sort of insurance coverage they have? You can help them by checking their insurance’s summary of benefits and identifying just how much is covered by their provider before they begin rehab.

Employee Assistance Programs

Some employers offer an Employee Assistance Program, a confidential program designed to help their employees manage personal and work-related problems, including drug and alcohol issues. They are most often offered at no cost to the employee and can, at times, even be extended to other members.

Contacting an HR representative to discuss this option is the best way to identify if it is available to help your loved one cover the cost of addiction treatment.

Potential Payment Plans

If your loved one is uninsured, you can always contact the treatment facility of your choice to discuss payment plans available to help manage the costs of therapy.

Some offer sliding scale fees based on income or credit score, while others offer payment plans that can allow your loved one to slowly pay off the cost of their treatment in manageable monthly installments.

Paying the Expense Out-of-Pocket

While this may not be the first choice, deciding to pay the cost of addiction treatment with a portion of a savings account or from a family loan does have its benefits.

Some facilities offer a decrease in overall cost if the individual is able to pay upfront. This can significantly reduce potential fees associated with therapy and enable your loved one to receive top-notch treatment at a drastically discounted rate.

How to Pay for Rehab: Resources to Utilize

From contacting insurance providers and employers to reaching out to local drug boards and even crowdfunding, there are several viable options available for your loved one to acquire the necessary funds to begin addiction treatment.

The key is to work with them, offering them different options until the proper approach is identified and attained. Having you by their side throughout the process not only provides emotional support, but it also increases their level of accountability. It ensures they won’t simply give up if the first option to pay for treatment becomes hindered.

But most of all, your support provides them with a guiding voice to keep them level-headed and calm until addiction treatment is paid for and their recovery journey has officially begun.

Renowned, Holistic Drug and Alcohol Addiction Treatment at Ranch Creek Recovery

Instead of the traditional, 12-step approach, Ranch Creek Recovery offers a variety of all-encompassing, holistic in-patient and outpatient treatment services. Your loved one’s situation is unique, which means they need and deserve treatment that is customized to fit their individual recovery needs.

Our admissions team is standing by and ready to help you or your loved one uncover viable ways to pay for treatment. Remind your loved one: They can quit their addiction. They can turn their life around.
We’re here to help.

Our admissions team can give you information about accepted insurances, finance options and much more. Contact us today to learn more and get your questions answered.