A medical payment product is specifically issued for the payment of health care services, products, or devices.
These include:
- Credit cards
- Deferred interest credit products
- Payment plans
Though they are usually marketed and sold by financial institutions, you can also enroll at health care provider clinics as well as many specialty practices.
These include:
- Dentists
- Optometrists
- Dermatologists
- Cosmetic or plastic surgeons
- Health spas
- Wellness centers
- Weight loss clinics
Some of the better-known medical payment products include CareCredit, MedKey, Comenity Alphaeon, and Wells Fargo Health Advantage.
The Department of Consumer and Worker Protection (DCWP) provides consumer tips and takes enforcement actions against predatory providers.
Read about the risks of medical payment products.
