Definition

A program that delivers your medications straight to your door. It can save you trips to the pharmacy and may offer lower prices for bulk orders.

What to consider

  • Understand the interest rate and fees involved.
  • Ensure the schedule fits your monthly cash flow.
  • Confirm there are no penalties for early repayment.

Real world scenarios

  • After a costly surgery, Brian set up an installment plan with the hospital to spread payments over several months.
  • Maria negotiated a payment schedule that fit her monthly budget following an emergency procedure.
  • George opted for bill installments to avoid a large, immediate out-of-pocket expense.

Related terms

Healthcare