For those struggling with addiction, inpatient treatment is often the only suitable option, but it’s also an expensive one. How can individuals and families address this need, then, without landing in a financial rut? While the costs are high, there are options for making this type of medical expense more manageable.
The rising rate of addiction in the United States today means that you aren’t alone in your struggle with the costs of rehab, so don’t despair. Here are 4 places you might find the necessary financial resources to pay for inpatient treatment.
Look To Your Investments
No matter what your medical needs look like now, it’s a good idea to start a health savings account (HSA). These accounts offer flexible medical spending with certain tax benefits, and you can draw on them at any time. Alternatively, if you haven’t planned ahead by starting a HSA, you might choose to withdraw money from your 401(k) to pay for rehab. Although you’ll face certain tax penalties by drawing on your 401(k) early, taking money from this source can also keep you from going into debt in the here and now.
Drug rehab centers understand that treatment is expensive, which is why so many treatment centers offer loans or financing options tailored to their programs. When looking for a rehab site, don’t be afraid to ask about what financial supports the center may be able to offer. Some may even have scholarships available. Just as you would take out a loan for college to ensure a bright future, taking out a loan for drug rehab can also contribute to securing future health and well-being.
Seek Community Resources
The Comprehensive Addiction and Recovery Act (CARA) was passed by the U.S. Senate in March of 2016 and is now in back in committee as the House and Senate seek to create one unified bill that they can finalize. Ultimately, CARA aims to provide authorization for state-based funding drug education, prevention, and treatment, and in some states similar options may already be available. If you’re struggling to find affordable drug treatment, look to your local and state government to see what funding or supports may be available to help you.
Reaching Our Digitally
In a more personal and private way, you can also use crowdfunding platforms to raise money for your drug treatment. This requires a willingness to make yourself vulnerable and tell a large number of people what you’re struggling with, something that many aren’t comfortable with. On the other hand, crowdfunding can be the financial support you need to get treatment.
Though paying for drug rehab is expensive, it may be the only way to get clean and lead a full and productive life. With that in mind, don’t discount any resource that might help you meet this need. Paying for rehab may be the best investment of your life.