Teen Drug Treatment Costs

The best way to handle the chore of paying for teen drug treatment costs is to know your options and prepare in advance. High-quality teen drug treatment is not inexpensive, but it is well worth the investment. Whether or not you have health insurance that will assist you with the cost of treatment, you can find what you need to pay for everything your child needs during teen drug treatment, including the cost of tuition for treatment.

At Newport Academy, we work hard to help parents figure out how to cover the costs of teen drug treatment. We work with most insurance companies and offer financing options through our partner, SerenityLoans. Contact us now for more treatment financing information.

Covering Teen Drug Treatment Costs with Insurance

Your health insurance policy may be the most effective way to cover the cost of teen drug treatment. Any medical treatment that your child requires for eating disorders or medical detox, including some pharmacological treatments, may be covered by the medical portion of your policy. The experiential therapy, personal therapy and family therapy your child receives may be covered by your mental health plan. Contact your insurance provider with any questions you have and make sure you are interpreting your policy correctly before you begin the enrollment process. It will be useful for you to know exactly what your insurance plan will and won’t cover so you can plan on paying for the rest of the cost of teen drug treatment.

Covering Teen Drug Treatment Costs Without Insurance

If you don’t have insurance or if your health plan is not comprehensive enough to include any meaningful assistance with covering the cost of teen drug treatment, you do have other options. If you have been saving for your child’s college education, tapping into those funds may be a good decision. If you have emergency savings that you can use – as long as you can replace those funds in the coming months – then this may be a positive resource as well. Borrowing from family members may or may not be a good option for you, but it’s another consideration as you try to cobble together the funds to pay for teen drug treatment.

Covering Teen Drug Treatment Costs Through Financing

Financing is often the most reasonable option for parents struggling to find the cash to pay for teen drug treatment. Few have the cash on hand or in savings to pay what insurance won’t cover, and even fewer will have family members with pockets deep enough to come to the rescue. At Newport Academy, our financing partner, SerenityLoans, allows parents to borrow anywhere from $500 to the full cost of treatment with repayment periods of up to 30 years. Interest-free options are available and you can begin to apply for secured or unsecured loans online. In some cases, you can have the money you need to pay for your teen’s addiction treatment program in a single day.

Teen Drug Treatment at Newport Academy

If you would like to talk to us at Newport Academy about your financial situation and learn how you can pay for teen treatment, contact us today at the phone number listed above.