Loans for medical expenses aren’t something most Canadians consider often, since we have public healthcare. Nonetheless, there may come a time when you discover you want or need a treatment, procedure, device, or medication that our system doesn’t cover.

Why Doesn’t Healthcare Cover Everything?

Generally, covered treatments are those that help you avoid negative health consequences. However, some treatments such as dental, ear, and eye care were never part of the Health Care Act.

As well, each province or territory defines what “medically necessary”. No overarching federal policy or legislation exists. Consequently, some treatments, procedures, devices, and medications are excluded within a region. This can lead to an unexpected expenses, especially when you move.

Additionally, some medical expenses may be medically necessary eventually, but they aren’t yet. This can occur for several reasons.

Firstly, our healthcare system evaluates countless new medications annually and it takes a long time for them to work their way through they system. Secondly, healthcare authorities are also very slow to accept new devices, treatments and procedures unless they are proven over many controlled tests.

Finally, some treatments are considered cosmetic in all circumstances, while others are necessary at times. Consequently, you could find yourself dealing with significant costs when you thought your medical expenses would be covered.

Luckily, you can access loans for medical expenses if healthcare won’t cover you. Here are just a few ways our clients use of loans for medical expenses.

Prescription Drug Expenses

Our public health insurance system pays for prescription drugs while you are in hospital. However, outside of the hospital your province or territory determines whether they’ll cover them, or not. Consequently, listed prescriptions drugs and conditions for eligibility vary between regions.

As a result, you may discover you need to pay out-of-pocket for all or part of your expensive medications. If you have private health insurance, there’s no guarantee the company will pay for your medication either.

Fortunately, easily accessible loans for medical expenses can help Canadians manage the cost. These loans are flexible and provide reasonable payments, so you can get the medication you need now.

Dental Care Expenses

As mentioned, dental care is not covered under the Canada Health Act. Since dental procedures and treatments are very costly, this could lead to a substantial financial burden. This is especially true if you have a family or you’re paying for your partner.

Here is the range of costs you could face to maintain your dental health:

  • Dental Exam: $125 – $150
  • Large Filling: $325 – $375
  • Cleaning: $75 – $200
  • Root Canal: $850 – $1,000
  • Full Dentures: $1,800 – $2,500

Cosmetic Dental

Regrettably, some of the most popular dental treatments are also the costliest. No one wants to have crooked or discoloured teeth. Equally, they don’t want to leave gaping holes in their mouth due to tooth loss or extraction. Sometimes a person’s teeth can be so bad that severely impacts their life.

While it may seem some of these should be covered under healthcare, they simply aren’t. These are the average costs of some of the treatments that can make you look and feel better:

  • Veneers: $900 – $2500
  • Invisible Braces: $2,000 – $8,000
  • Bonding: $200 – $400 per tooth
  • Crowns: $900 – $1,500 per tooth
  • Implants: $1,000 – $5,000 per tooth

Fortunately, loans for medical expenses can help you spread the cost out over time. You can pay manageable payments, look better, and feel good about yourself.

Eye & Ear Medical Expenses

Sight and hearing care shouldn’t be ignored. Everyone needs to have their eyes and ears checked regularly. Unfortunately, even regular checkups can be costly.

Additionally, some people need glasses or contacts. Others need hearing aids to improve their quality of life. Still others need expensive devices and procedures which either aren’t covered or are only partially covered under regional health care.

Fortunately, loans for medical expenses can provide cash for whatever eye or ear care you need. They’re a better option than a credit card, since you don’t pay compound interest. Plus, every payment reduces your outstanding balance.

Cosmetic Surgery & Non-Surgical Treatments

We already mentioned that in most cases cosmetic treatments aren’t covered under our healthcare system. However, this doesn’t mean you don’t want it or feel you need it. If a procedure makes you look and feel better, it may be worth the cost.

However, many traditional lenders won’t fund cosmetic surgery. They don’t view it as a valid reason to borrow. Some surgeons offer loans through private lenders, but only for certain procedures and these loans may not have flexible terms.

Luckily, loans for medical expenses can be used for any purpose. They offer better repayment options, including terms up to 5 years. There’s absolutely no reason you can’t fund a cosmetic procedure like these, and more:

  • Liposuction
  • Botox & Fillers
  • Skin Resurfacing
  • Laser Treatments
  • Face, Breast, or Butt Lift
  • Tummy Tuck
  • Nose Job
  • Breast or Pectoral Implants
  • Breast Reduction
  • Reconstruction

Expenses for Fertility Treatments

In many provinces and territories, you must pay for fertility treatments yourself. Other areas offer limited coverage and you foot the bill for the rest.

Either way, these treatments are extremely expensive and may range between $10,000 and $20,000 per cycle for in vitro fertilization. Most women need more than one round and some need many. Consequently, costs escalate quickly.

Fortunately, loans for medical expenses can help you spread the cost over months or years. You can get the treatments you need without draining your savings account and start your family.

Expenses for Professional Services

Most provinces and territories limit the number of times you can visit certain medical professionals during a year. Commonly, limitations apply to acupuncturists, chiropractors, physiotherapists, massage therapists, and naturopaths. Once you reach your maximum number of visits you must pay for ongoing treatments yourself.

Alternatively, your healthcare authority may exclude these professionals completely. In this case, you will pay for treatments and additional fees, since they aren’t part of the healthcare system. This adds up quickly if you need ongoing care.

Luckily, you don’t have to avoid visiting one of these professionals while you’re on the road to recovery. Instead, get through your difficult time, pay affordable payments, and recover quickly.

Loans for Medical Expenses Through FlexMoney

Loans for medical expenses needn’t have rigid standards like those of traditional lenders. You can borrow money without collateral or a co-signer.

Another plus point is our loans for medical expenses don’t require a minimum credit score. We look at many factors and approval rests on your ability to repay, not just your credit. Consequently, if you have a steady source of income, you could qualify.

We also offer our loans for medical expenses online. There’s no need to visit an office to submit proof of income or to sign your loan contract. Just complete a simple application form and everything is handled electronically right through to your funds release. This makes the process extremely convenient and fast.

Benefits of Our Loans

Loans for medical expenses issued by FlexMoney offer many benefits. Here are just a few you’ll want to consider before you decide on a lender:

  • 100% online process
  • We accept applications 24/7
  • Most people complete our application form in less than 15-minutes
  • We are a licensed lender bound by consumer protection laws
  • Electronic income verification
  • Digital loan contract signing
  • No collateral required
  • No minimum credit score requirement
  • We use a soft inquiry during our pre-approval process that does not impact your credit score
  • Repayment terms between 6 and 60 months
  • Loans available from $500 to $15,000
  • No origination fee to set up your account
  • No prepayment penalty – pay extra payments, a lump sum, or pay your loan off at any time
  • Decision within minutes of submitting your application
  • Money in your bank account within 24 hours after signing your loan contract, providing you sign within business hours – otherwise you receive your money the next business day
  • Top-notch customer service options including a toll-free telephone number, email, and online support

Our Requirements

We know you lead a busy life. Consequently, we’re providing you with our basic requirements for our loans for medical expenses below:

  • Canadian citizen
  • At least 20 years old.
  • Net monthly income pf $2,000 from the same source for at least three months (We consider employment income, self-employment income, and private or public pensions)
  • Cellphone number to confirm your identity
  • Valid email address
  • Active account with a Canadian financial institution showing at least three months of transaction and banking history.

Please do not apply if you are currently enrolled in an active bankruptcy, consumer proposal, or credit counselling program. Regrettably, we can’t consider your application if your income is based on Employment Insurance, the Disability Tax Credit, or government benefits related to COVID-19 either.


If you have more questions or want to start the application process, please visit our website. Our website includes multiple contact options as well as in-depth FAQ section. We also offer more information on our online personal loans here.

There’s absolutely no reason to put off the medical care you want or need. FlexMoney makes it easy to obtain loans for medical expenses now.