Your Guide to Financial Support at WayPoint Academy
A common concern among parents is how they will cover the expenses associated with treatment. While residential treatment can be expensive, it is important not to let finances deter you from seeking help. At WayPoint Academy, we offer a complimentary service to help you assess your potential coverage without any obligations.
Apart from medical insurance, some parents have found assistance through private donors, scholarships, and crowdfunding platforms. Additionally, low-interest treatment loans are also available. Allow us to assist you in exploring all the resources that may be accessible to you.
For families looking for funding options, our admissions representative can discuss your specific situation and explore all available options. At WayPoint Academy, we are dedicated to helping families navigate the complex world of funding to ensure they receive the best possible care for their children. You can reach out to our admissions representative at 801-491-2271.
Backed by The Joint Commission which ensures programs adhere to the highest quality of clinical and medical practices.
Full member of the National Association of Therapeutic Schools and Programs (NATSAP), which ensure regulation of programs that serve children and adolescents.
Full Member of the International OCD Foundation, which ensures our staff has access to the most up-to-date OCD treatment practices and research.
This program is proud to be Cognia Accredited. Cognia provides accreditation to schools that have earned recognition for their reputation and high educational standards.
Pay Privately
We offer the option to pay privately, meaning that the family covers 100% of treatment costs. You can speak more in-depth about this with our admissions team at 801-491-2271.
Health Insurance
Navigating health insurance coverage for treatment can be a daunting task. At WayPoint Academy, we understand the complexities and challenges that parents may face when dealing with a child in crisis and having to rely on health insurance to cover the much-needed services. While most insurance companies provide coverage for Medically necessary treatment, we would like to note that WayPoint Academy is currently out-of-network with all insurance companies. Our experienced utilization team can assist by advocating directly to the insurance companies and outlining medically necessary services. Even when WayPoint Academy is out-of-network. By using Single Case Agreements (SCA) and In-network exceptions (INE), our team is equipped to handle insurance complexities, unwarranted denials and in-network deficiencies.
We are committed to helping families secure the best possible insurance coverage, even though insurance may not cover the entire cost of services or recommended length of stay. WayPoint Academy has a dedicated in-house team that will help you navigate and understand your insurance benefit options. To create a personalized funding plan tailored to your needs, please reach out to our admissions representative at 801-491-2271.
Medicaid
While having Medicaid approval is a great step forward, obtaining funding for treatment can be a complicated endeavor. Our utilization team has extensive experience in deciphering Medicaid policies and successfully negotiating Single Case Agreements (SCAs) to ensure that you receive the most comprehensive coverage possible. It is important to note that Medicaid may not cover the entire cost of services due to significant funding discrepancies among states. We recognize the potential frustration this may cause and therefore offer a broader range of funding options. To create a personalized funding plan tailored to your needs, please reach out to our admissions representative at 801-491-2271.
Scholarships
Choose Mental Health has embarked on a transformative nationwide journey, reshaping the landscape of mental health care for the younger generation. Functioning as a nonprofit entity, their primary endeavor revolves around the mobilization of funds to facilitate scholarships. These scholarships play a crucial role in ensuring that children and youth, irrespective of their financial capabilities, gain access to superlative treatment.
Within the heart of their mission lies an unwavering commitment to delivering nothing short of the finest solutions, aid, and sustenance to these young individuals.
WayPoint Academy aligns seamlessly with the mission of Choose Mental Health, sharing a common goal to offer hope and empowerment to children and youth. By uniting with Choose Mental Health, we stand alongside 30 million young lives struggling with mental health challenges, collectively becoming a beacon of support.
Financial Loan
Families seeking financial loans should consider Prosper Healthcare. As the leading financing company in the healthcare industry, they have successfully helped over 250,000 individuals by lending over $3 Billion. Their reputation is built on trust and their program is proven to empower families in need.
If you choose to secure a loan from Prosper Healthcare Lending, you can expect a variety of benefits, including immediate decision-making without affecting your credit score, longer terms for more affordable monthly payments, no need for collateral, no prepayment penalties, and a simple and swift loan inquiry process. Moreover, you can rest assured that all of your personal information will be treated with the utmost confidentiality.
Prosper Financial
E: www.prosper.com/plp/about/contact-us/
P: 1-(866) 615-6319
W: www.prosper.com
Another option we recommend
Optimum Practical Financial
E: [email protected]
P: 866-790-7770
W: www.OptimumPracticeFi.com
Tax Deduction Information
Please provide the following information to your tax advisor so they can assist you in making the proper deduction.
Another key point is that you may wish to refer to Internal Revenue Code (Section 213a) for additional information on allowable deduction percentages of expenses related to the care of your teen.
Additionally, court examples of rulings that support medical expense deduction related to enrollment in a special school for your child may assist you.
- –Griesdorf, Lawrence, (1970) 54 TC 1684)
- Enrollment of a child not cooperating in school and often physically sick related to the 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.
When the proper criteria are met, all tuition (including all food and lodging) and additional expenses including transportation to and from the program should be discussed as a deduction with your tax advisor. Also, phone calls and other related expenses you incur should also be discussed with your tax advisor.
Additional Resources for Your Tax Advisor
- 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