Alternative Payment Plans
Excel Diagnostics and Nuclear Oncology is committed to extending the latest payment plan options available to assist you in meeting financial obligations. Individuals that are unable to pay out of pocket expenses in full at the time of appointment via cash or major credit card, may use any of the following:
Individuals who already have a CareCredit card can pay for medical services through this account. For those who are unfamiliar with this type of option, please read further to find out how you can apply for this type of healthcare credit card:
- What is CareCredit?
CareCredit is a healthcare credit card with a credit line for treatments and procedures for your entire family, including your pets. It is a credit card designed for your health and beauty needs. You qualify on the strength of your credit history. It does not replace insurance policies. Instead, it’s meant to help you pay out-of-pocket healthcare costs that may not be covered by your insurance policy. You can avoid paying interest by making your minimum monthly payments and paying the full amount due by the end of the promotional period. Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the promotional period. Minimum monthly payments are required.
- Where can I use CareCredit?
Your CareCredit credit card can be used at over 150,000 enrolled providers nationwide for services including Medical Services, Vision Care, Veterinary, Dentistry, Cosmetic Treatments, Cosmetic Surgery, Hearing Care and more.
- How can I find out what payment options my provider offers?
Not all practices offer every plan. Contact your healthcare to find out which plans they offer. Be sure to speak with the office manager or financial coordinator.
- How can I apply for CareCredit?
You can apply online or download and print the application and take it to your healthcare provider. The application is quick and easy, and after it’s submitted, you’ll instantly learn if you’re approved.
- What information do I need to apply online?
To begin your online application, all you have to do is choose from one of three options: search for your doctor by name, choose from a list of doctors in your area OR simply inform them how you’re planning to use CareCredit, if you’re not ready to choose your doctor yet. They will obtain and verify information that identifies you as a new account holder. They will use your name, address, date of birth, Social Security Number, Driver’s License, and other information for this purpose. CareCredit is part of GE Capital and their secure online application is owned and operated by GE Capital Retail Bank.
- For more information, visit CareCredit's website at www.carecredit.com
HSA – Health Spending Account
Individuals who already have an HSA account can pay for medical services through this account. Most individuals will have a debit/credit card that is issued for this purpose and can make payments at the time of service. For those who are unfamiliar with this type of option, please read further to find out how you can save for the future:
- What is an HSA?
Health savings accounts are like personal savings accounts, but the money in them can only be used for health care expenses. You — not your employer or insurance company — own and control the money in your health savings account. The money you deposit is not taxed, and you can invest it in stocks, bonds and mutual funds. To be eligible to open a health savings account, you must have a special type of health insurance called a high-deductible plan. Sometimes referred to as “catastrophic coverage,” high-deductible plans act like a safety net if you need extensive medical care. (Consult with your personal tax and legal advisers.)
- Who can set up a health savings account?
You can start an HSA on your own through a bank or other financial institution, or your employer may offer an HSA option. To qualify for an HSA, you must be under age 65 and carry a high-deductible health insurance plan. If you have a spouse who uses your insurance as secondary coverage, he or she also must be enrolled in a high-deductible plan. This high-deductible health insurance plan must be your only health insurance coverage — you can’t be covered by other health insurance. However, having dental, vision, disability and long term care insurance doesn’t disqualify you from having an HSA.
- How much money can I deposit annually into a health savings account?
The Internal Revenue Service decides how much you can contribute each year. A good source of the most up-to-date information on those amounts is the Department of the Treasury’s website. In recent years, the contribution limits have been about $3,000 for individuals and about $6,000 for family coverage. The limits are indexed for inflation and adjusted each year. Unspent money in your HSA can be rolled over each year. If your employer offers a high-deductible insurance plan, you may be able to deposit money into an HSA on a pretax basis. If you open an HSA on your own, you can deduct your deposits when you file your income taxes. Your employer can contribute to your HSA. But the total of your employer’s contribution plus your contribution still must be within the contribution limits.
- Are health savings accounts similar to flexible spending accounts?
Yes, but there are a couple of key differences. First, with an HSA you can keep (roll over) any unspent money each year. You can’t do that with a flexible spending account. Second, money put into an HSA is yours and can be taken with you if you switch jobs or retire. You can’t take money from an employer-sponsored flexible spending account with you if you quit or change jobs. Also, it’s important to know that in most cases you can’t have both an HSA and a flexible spending account
- How do I find information about medical costs and quality so I can make informed choices?
It can be challenging. Right now it’s difficult to get reliable information regarding the cost and quality of treatment options, doctors and hospitals. Your employer or health plan may offer some Web-based tools, as well as access to someone by phone who can give you some basic information. The hope is that as health savings accounts and other consumer-directed health care options become more widespread, the access to information about cost and quality will expand.
- Can I withdraw money from a health savings account for nonmedical expenses?
Yes, but if you withdraw funds for nonmedical expenses before you turn 65, you have to pay taxes on the money and a 10 percent penalty. If you take money out after you turn 65, you don’t have a penalty, but you must still pay taxes on the money.
Preferred Financial Agreement
On a case by case basis, Excel Diagnostics and Nuclear Oncology Center offers a Preferred Financial Agreement for those who are unable to meet financial obligations at the time of service toward the out-of-pocket expenses. We are pleased to provide this service and encourage you to contact us prior to arriving for your appointment to take care of the necessary steps to make your visit with us as pleasant as possible. Please contact a patient representative at 713.781.6200 for more information.