What is CarePayment?

Providers understand that financial concerns should not be a barrier to accessing quality healthcare. Partnering with CarePayment allows them to prioritize the well-being of their patients while also maintaining their commitment to ethical and responsible financing practices. Providers can thus help connect patients with a financing option that has no interest (0% APR) and is 100% sponsored by the provider.

CarePayment is a patient financing program that helps you receive the care you need without worrying about finances. Here’s how it works:

1. Your provider partners with CarePayment.

Your provider recognizes that medical bills can be a significant source of financial stress for patients, which can negatively impact health outcomes. By partnering with CarePayment, healthcare providers can alleviate that stress and ensure that their patients can access the care they need without worrying about medical debt. Providers want to give their patients a safe and ethical financial program that is transparent and easy to understand.

2. Your program is 100% sponsored by the provider.

CarePayment is 100% sponsored by healthcare providers because we believe that financial concerns should not be a barrier to accessing quality healthcare. Other financial programs such as medical credit cards affect your credit score and can have high interest rates. CarePayment is a genuinely interest-free line of credit at 0.00% APR. With on time payments, there is no additional cost to you outside your medical bill. With CarePayment, you don’t have to worry about vague terms or hidden fees. We are a patient-friendly financing program.

3. You can request or be referred to CarePayment.

With successful identity verification, all patients can qualify for CarePayment . You can request the program after your care, or your provider may automatically refer you if you’re struggling to pay your bill. There are several methods to enroll, simply inform your provider you are interested in the program.

4. All program details will be provided in your welcome kit.

Enrolling in CarePayment is easy. You’ll receive your Welcome Kit via email or in the mail which contains details about the line of credit, your monthly minimum payment amount and estimated time to pay off. You will also receive the CarePayment Agreement and your first statement as well as your first payment due date. To activate your account, simply make your first payment to CarePayment by one of the methods listed on your statement, or by paying your provider directly, to enroll in the program and start paying off your medical bills without worrying about high-interest rates.

5. Pay off your balance with several payment options.

You can pay off your balance through monthly automatic or one-time payments using several payment methods. This gives you the flexibility to choose the payment method that works best for you, so you can stay on track with your finances.

6. Use CarePayment to pay for additional care from your provider.

Future charges for additional care can be added to your CarePayment account as long as the provider remains in the healthcare system that is partnered with us. Patients who enroll in our program can continue to receive care within that network without interruption by adding additional charges to their line of credit and continue making just one monthly payment.

CarePayment is a patient-friendly financing option that can help you receive the care you need without worrying about finances. With easy enrollment, zero interest (0.00% APR), and multiple payment method options, CarePayment is your provider’s solution to addressing your financial concerns regarding accessing affordable healthcare.

CarePayment Accounts are issued by Republic Bank & Trust Company, Member FDIC-insured, Kentucky state-chartered bank.