How much will weight loss surgery cost?
- Which surgical procedure you end up having
- The surgeon & anaesthetist’s fees
- Which hospital you have the procedure done in
- Any medication required after your surgery
Most commonly, patients are able to access their superannuation early for weight loss surgical procedures as they are considered life saving in many cases.
On average, gastric banding surgery costs approximately $10,000 to $14,000. Paying for the surgery without having private health insurance is not recommended.
Although gastric banding is not covered by Medicare, private health insurance will cover you for gastric band surgery. However, there are some out of pocket costs and to find out the exact amount that you will be out of pocket, you should ring your private health fund and quote item number 30511.
Additionally, obesity is considered a pre-existing medical condition and there is generally a 12-month waiting period after joining a private health fund and being able to claim costs under the private health fund. Contact a surgeon near you to find out more information about what costs are involved and how to go about beginning the process.
Can I use superannuation to pay for my weight loss surgery?
Early release of superannuation can be granted for Medical Treatment on ‘specified compassionate grounds’. Accessing your superannuation may be possible to help with medical costs for treating life threatening illnesses, such as morbid obesity. For more accurate information, the Australian Prudential Regulation Authority (APRA) can be contacted on 1300 13 10 60.