Medicare, Medicaid and insurance companies generally cover the majority of costs related to traditional cataract surgery, although the patient’s financial responsibility may be significant if the patient’s coverage has a large deductible or a large copay.  The financial counselors at Midwest Eye Care will help confirm a patient’s financial obligation before the patient fully commits to the surgery. 

For those patients with a large financial responsibility, particularly if they select a new technology lens for cataract surgery, Midwest Eye Care has arranged for two different types of financing plans:

• Wells Fargo Financing offers patients a six-month “same-as-cash” option.  If the balance is not completely paid within six months, Wells Fargo will retroactively apply interest expense for the first six months.  This is an excellent option for patients who wish to temporarily defer the cost of the surgery or who would like to pay for it over several months.  The minimum amount to be financed under this option is $1,000.
• Capital One Healthcare Finance for Vision offers installment loans from 18 months to 60 months at a rate of 5.9% to 8.9%; the rate depends on the length of the loan and the credit history of the applicant.  Capital One also has a $1,000 minimum requirement. 

Ask to speak with a Midwest Eye Care financial counselor if you are interested in a financing plan.  The counselor can arrange for you to complete a paper-based or on-line lending application, and the financing company will respond with a credit decision within one business day.  

Midwest Eye Care also accepts payments by cash, credit card, Visa and Mastercard.