How to Finance Your Drug or Alcohol Rehab Stay

file7411252893790When it is time to give up that alcohol or drug addiction, looking into rehab is a great first step toward sobriety. What keeps many people from opting out of rehab is that they think all rehabs are quite costly and that their insurance won’t pay for it. Fortunately, this is not true and insurance companies are now paying for many more inpatient and outpatient stays these days.

If you’re ready to embark on your sobriety journey, take a look at the following ways you may be able to finance your rehab stay.

1.       Check with your insurance company. Make a call to your insurance company and ask them what they cover for inpatient or outpatient rehab. They may cover a considerable amount. While you have them on the phone, you can ask them to help you find a rehab that they cover, as they may not cover certain rehabs.

2.       Take out money from your 401K. If you have a 401K, consider taking a portion of it out to help you pay for the rehab. There may be an early withdrawal fee that you have to pay, but this fee is worth it if you can get free from the bondage of alcohol or drugs.

3.       Search for low cost rehabs. There are some rehabs that are quite affordable, so be on the search for those types of rehabs. Also, look for those that have a sliding fee scale. If you call around, be sure to ask what the fees are up front so you know right off the bat. Then, talk to them about possible payment plans and/or assistance.

4.       Look for state funded rehabs. It may take longer to get into a state funded rehab, but it’s worth looking into. These tax supported rehabs may offer detox, inpatient, or outpatient services, but there may be a waiting list.

5.       Have a sale. Go through your home and sell those things you no longer want or need. You’d be surprised at how many things are in closets, attics, and garages that you no longer use. You can sell via a yard sale and online venues like eBay or Craigslist.

6.       Borrow from family or friends.  If you can, ask to borrow money from a family member or friend. This may feel odd, but many people go this route to fund their rehab stay. Of course, you can offer to make a repayment schedule with them once you are out and have reliable income.

You can use a variety of ways to help finance a rehab stay. The important thing is to start taking steps toward getting to rehab. Make a decision to get free from addiction and begin looking into how you can finance your rehab stay. It will be a solid investment in you and your future.