Should I Dip into My Retirement Savings to Pay for Alcohol Rehab in OH?

Rehab is the first logical step to take once you have admitted to yourself that you have an alcohol addiction. A controlled environment is the best way to get the help that you need. However, paying for rehab can pose a problem if you are already struggling with finances. Many clients wonder whether they should dip into their retirement savings in order to pay for their alcohol rehab in Ohio. Let’s take a look at some options.

1.Health Insurance

If you have any type of health insurance, check to see if they will help pay for rehab in Ohio. Some will cover certain services while others won’t cover anything. You may not be able to have the entire inpatient stay covered by your plan, but you could be eligible for a certain number of days. Some plans will cover outpatient services up to a number of hours. Your first step will be to call your insurance company to find out what is and isn’t covered under your plan. Once you know the facts you can start searching for rehabilitation centers that take your insurance.

2.Pay Out-of-Pocket

If you have the money you need for rehab, you can certainly pay cash to the facility. Of course, this is much easier said than done for most clients. Unfortunately, the costs of rehab can be steep, especially if you are planning to utilize an inpatient clinic. Remember, you are paying for medical supervision during your detox, room and board, visits with private and group therapy leaders, and even some holistic treatments. Inpatient services will also provide all of your meals while you are there. If you have the money to pay for your own rehab but you don’t have insurance, it is still a great option. Your life is worth it.

3.Dip Into Retirement Savings

You may have a nice nest egg put away in retirement savings. It’s wonderful to see the numbers rising in an account that is meant to take care of you when you are a senior. But think of it this way- alcoholism could easily kill you if you let it go untreated. Is your health worth it? If you don’t get the help that you need now, you may not even live long enough to enjoy that nice chunk of money that is just sitting there. It’s better to spend some money from your retirement fund now than to have your family have to use it for your funeral expenses later. While this may sound morbid, it is the reality of addiction.

4.Payment Plans

Ohio rehab facilities often offer payment plans for clients who do not have insurance or the funds to pay for rehab. Talk to a representative of the rehab to find out what they offer in terms of plans. The rehab will often put together a payment plan based on the services you receive and your financial situation. You may be permitted to pay for services as you go.

5.Employer Assistance Programs

If you are employed, ask your employer if they offer an EAP, or employer assistance program. This is an employer-sponsored program that helps employees who are dealing with personal issues. They will often pay for services that are related to drug or alcohol abuse, mental health concerns, or financial and legal needs. Start by talking to your human resources department.

6.Credit Cards

If you have a credit card that has a high enough limit on it, you could use it for alcohol rehab at a number of rehabs in Ohio. If you don’t have any other way to pay for rehabilitation services, you should consider this option. Try to use a card that has the lowest APR so that you are not faced with high fees for years to come.

7.Government Programs

There are many government programs available that may help you pay for your rehabilitation services in Ohio. Simply search “Ohio government programs for rehab” through Google or another search engine. There are grants and loans available through different programs that can help. Check out local churches who may offer assistance as well.

Checking into Rehab

No matter how you manage it, checking into rehab for alcohol abuse is the best decision you will make. Don’t be afraid to use your retirement or any other means to get the help that you so desperately need. Never wait until you hit “rock bottom” and spend all of your hard-earned money on alcohol. Get the help you need now by calling us at 440-252-3565.

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