New healthcare-specific credit card provides flexibility to handle co-pays, deductibles and other expenses for all healthcare needs
Dealing with mental health issues can be challenging enough for families even before worrying about the cost of treatment. SmartHealth PayCard, LLC,™ a healthtech payment solutions leader, is helping Active Recovery TMS make its breakthrough therapies for depression and other mental illnesses more accessible to Oregonians while reducing the stress of out-of-pocket payments.
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SmartHealth PayCard and Active Recovery TMS are collaborating to provide patients with a convenient new payment solution for mental healthcare.
The SmartHealth PayCard™ Mastercard® credit card is a financial solution focused on healthcare expenses. It provides Active Recovery TMS patients with a revolving credit line to pay immediately for deductibles, copays, co-insurance and a wide range of other health costs. SmartHealth PayCard members can also save up to 85 percent on prescriptions at pharmacies nationwide, as well as receive up to $5,000 in Accident Medical Expense benefits and a $5,000 Accidental Death benefit.
“We are committed to providing our patients breakthrough treatments for major depressive disorders and other common mental health challenges,” said David Grano, CEO & managing member, Active Recovery TMS. “Although TMS treatment is covered by most all insurance providers, our patients have been asking for an option to help manage deductibles, co-pays and co-insurance. We’re pleased to offer SmartHealth PayCard as a valued part of our efforts to enhance our patients’ experience.”
Medical expenses cause millions of Americans to skip treatments and preventive care, while far too many worry that a major health event will bankrupt them. According to the Commonwealth Fund, 41 percent of working-age people have medical bill problems or are paying off medical debt. SmartHealth PayCard is designed to reverse this cycle by giving Americans the means to pay for healthcare with a quick, hassle-free sign-up and a credit line of up to $30,000 for qualified applicants.
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