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January 15, 2021

Financial – Residential Treatment Costs

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Financial – Residential Treatment Costs

Residential Treatment Costs - Financial Information

Residential treatment is one of the most successful ways to help teens battle mental health and behavioral issues. Before you decide what is right for your family, it is important to have all the information. Whether you choose a residential treatment center or an outpatient program, your daughter will grow up very fast. Finding true recovery before she becomes an adult is her best chance of success.

Teens who make bad decisions suffer negative consequences. Adults who make the same negative choices face far greater problems. So, teens who do not receive residential treatment incur higher costs longterm. Teens who do not receive treatment may not graduate college or even high school. They may become involved in criminal activity which will need attorney fees.

One of the first questions parents have is, “How are we going to pay for this?” The question is understandable. Residential treatment is expensive. Don’t let the cost involved stop you from seeking treatment. Discovery Ranch for Girls can help you to check your possible insurance coverage. This service is done at no cost to you. Making use of the service does not represent any obligation to you.

Besides your medical insurance, some parents have received help from private donors. This includes crowd-funding resources. There are also treatment loans available at a low-interest rate. Please, let us help you discover what resources are available to you.

Discovery Ranch for Girls supports parents with health insurance billing. Insurance companies often help parents who are able to show that treatment is needed. Please contact an admissions representative for more details around specific insurance issues. The contact number is 855-667-9388.

There are also two Financial Loan companies we recommend for families. They are Prosper Healthcare Lending and Optimum Practical Financial.

Prosper Healthcare Lending

Prosper Healthcare Lending is the premier financing company in the healthcare industry. With over $3 Billion borrowed and over 250,000 people empowered, this is a name and a program you can trust.

Here are some of the benefits you’ll receive with a loan from Prosper Healthcare Lending:

  • Immediate decisions without affecting your credit
  • Longer terms for lower monthly payments
  • No collateral required
  • No prepayment penalties
  • Fast and easy loan inquiry process
  • 100% confidential

Prosper Financial Contact Information

Email: www.prosper.com/plp/about/contact-us/
Phone number: 1-866-615-6319
Website: www.prosper.com

Optimum Practical Financial

Optimum Practical Financial is another option we recommend.

Optimum Practical Financial Contact Information

Email: [email protected]
Phone number: 1-866-790-7770
Website: www.OptimumPracticeFi.com

Tax Deduction Information

Please provide the following information to your tax advisers. They can assist you in making the proper deduction. You may wish to refer to the Internal Revenue Code (Section 213a). The code offers information on allowable deductions related to your daughter's care.

Court rulings that support deduction related to enrollment in a special school include:

–Griesdorf, Lawrence, (1970) 54 TC 1684) Enrollment of a child not cooperating in school and often physically sick related to result of parental divorce and father’s suicide.

–Urbauer, Charles, (1992) TC Memo 1992-170) Enrollment of a 17-year-old with severe behavioral and drug abuse-related problems in a college preparatory school program designed to meet the educational and emotional needs of students with problems.

If treatment is a medical necessity, then you may be able to make tax deductions. Possible deductions include all tuition and transportation to and from the program. It may also include all food and lodging. Please discuss these possible deductions with your tax advisers.

Additional Resources

Other information that may be useful to your tax advisers includes:

  • Internal Revenue Code Section 213(a)
  • Treasury Regulation Section 1.123-1(e)
  • Revenue Ruling 70-285
  • Private Letter Ruling 8447014
  • Court Cases: Griesdorf, Lawrence, (1970) 54 TC 1684;
  • Pazos, Jose, (1987) TC Memo 1987-131;
  • Urbauer, Charles, (1992) TC Memo 1992-170

You can reach our admissions department by calling 1-855-667-9388.

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