Canada medical loans can help you pay for treatments, procedures, devices, and medications not covered under our healthcare system.

According to the Government of Canada, universal coverage is meant for “medically necessary health care services”. However, each provincial and territorial government determines what is necessary and what is not. Consequently, what’s covered in one region may not be in another. This can lead to a huge shock for some Canadians if they’ve moved and expected coverage.

Additionally, some treatments, procedures, devices, and medications one might think should be covered may not be. For instance, doctors may prescribe cutting-edge medication that actually helps you. Then you discover it’s not covered. It’s not been fully-reviewed and endorsed by healthcare authorities.

Finally, some treatments are considered cosmetic at times, but necessary in some circumstances. As a result, Canadians often find themselves dealing with significant costs when they assumed the treatment would be covered.

Luckily, Canada medical loans can help bridge these gaps. Let’s look at a few examples of how they may help you.

Unapproved Prescription Drugs

The benefits of our public health insurance system don’t always extend to prescription drugs. Consequently, the costs of medications can result in a huge financial burden. Even private insurance may not help. If the government won’t cover it, chances are the insurer won’t either.

As many as 10 percent of Canadians find themselves in this situation. If this you and you want to improve your quality of life, your only option is to pay out-of-pocket. Fortunately, Canada medical loans can divide the cost burden into small, manageable payments. Get the medication you need and get on with life.

Fertility Treatments

Unfortunately, no comprehensive coverage exists for assisted fertility treatments in Canada. Ontario, Manitoba, New Brunswick, and Quebec offer either limited coverage or a tax credit. Otherwise, you must pay for treatments yourself.

Depending on your province or territory, you could pay between $10,000 and $20,000 per cycle for IVF. However, the success rate is quite low with just one round.

Canada medical loans can help you spread the cost of each cycle across many months, or even years. Get the treatments you need to start a family, without feeling a financial crunch.

Dental Work

Dental care is not included in the Canada Health Act. Even routine maintenance procedures can be quite costly. Costs vary depending on the region and dentist, but here are just a few of the average costs:

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

If you’re considering cosmetic procedures, expect to pay much more. Here are the average costs of some common dental cosmetics:

  • 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

Clearly, achieving healthy teeth and a great smile costs a lot. Canada medical loans can help ease the financial shock of these treatments by dividing the cost into manageable payments.

Eye & Ear: Care, Procedures, & Devices

Your hearing is important, but many devices and procedures aren’t covered or only partially covered under regional health care.

For instance, Ontario covers 75% of the cost of a cochlear implant, but you must pay the balance. While that may sound promising, the device can cost $24,000 or more, leaving you to pay at least $6,000.

Hearing aids are also very expensive. Expect to pay between $1,000 to $4,000 per ear, depending on the hearing aid type and your region.

Eyecare coverage also varies greatly between regions. However, most only cover  eye injury and eye diseases, not eyeglasses, contacts, or cosmetic surgery.

According to the Canadian Journal of Ophthalmology, basic eyeglasses range between $240 to $1,000 a pair. However, progressive lenses will cost you between $400 and $1,300. Laser eye surgery averages between $1,500 and $3,000 per eye.

Fortunately, Canada medical loans can help you pay for any of these devices or treatments. They may also offer much lower interest rates than the finance companies of these service provider.

Cosmetic Surgery

Most people realize that most cosmetic surgery isn’t covered under our healthcare system. However, in some cases it seems logical it should be, but it isn’t. For example, a province or territory may cover sex-reassignment surgery, but not implants that alter an individual’s appearance elsewhere.

Luckily, Canada medical loans can help you pay for any medical treatment that isn’t covered. A following is just a short list of common cosmetic surgery procedures that Canada medical loans could cover:

  • Liposuction
  • Face Lift, Breast Lift, or Butt Lift
  • Tummy Tuck
  • Nose Job
  • Breast or Pectoral Implants
  • Breast Reduction
  • Reconstruction

Extra Billings & Professional Services

Provinces and territories sometimes offer limited coverage for professionals. These include physiotherapists, massage therapists, acupuncturists, chiropractors, and more. Nonetheless, once you reach your maximum number of visits you must pay for ongoing treatments yourself.

Additionally, many of these healthcare practitioners charge additional fees beyond what healthcare covers. This may not be a huge burden if you’re only visiting them a few times. However, it isn’t the case when you need ongoing care.

Canada medical loans can ensure you have the money you need for your care. You can get through difficult times, pay through regular payments, and reach full recovery.

Canada Medical Loans

Not everyone can get a loan through a bank or a credit union. Credit cards and payday loans charge too much, so what’s the solution? Canada medical loans.

Canada medical loans do not have rigid standards like traditional lenders.  You don’t need collateral or a co-signer either. With fair to good credit, you have a good chance of approval and a decent interest rate. However, they consider all applicants.

The application process through a good lender should be completely online, fast, and simple. They should also use artificial intelligence to assess your creditworthiness. This eliminates the minimum credit score requirement. They won’t necessarily turn you down if you have one small problem on your file either.

Look for a lender that provides quick pre-approval and a soft credit inquiry that won’t appear on your credit file. If pre-approved, the lender should provide you with the interest rate, payment amount, and when your loan will be paid in-full. If you agree with their terms, you should also be able to sign your loan documents digitally.

The FlexMoney Advantage

Canada medical loans through FlexMoney offer many, many advantages. Here’s a list of the most notable and why you will want to consider us first:

  • Completely online from start to finish
  • Apply from any device, any time
  • Private, secure, professional & transparent
  • Quick application – usually less than 15 minutes
  • Proof of income not required
  • No co-signer or collateral required
  • No minimum credit score requirement
  • Artificial intelligence assessment
  • Soft credit inquiry – does not appear on your credit file
  • Online payment calculator
  • Weekly, bi-weekly, bi-monthly, and monthly payment options
  • Repayment terms between 6 and 60 months
  • Loans available between $500 and $15,000
  • Competitive interest rates starting at 18.99%
  • No origination fee – costs 0.5 – 8% of your total loan amount through other lenders
  • No early payment fees – pay extra payments, a lump sum, or pay it off completely without penalty
  • Application response within minutes – no long wait for an answer
  • Upfront, easy to understand pre-approval information, including interest rate, term, and payment amount
  • No impact if you choose not to borrow
  • Money in your bank account within 24 hours if you decide to move forward
  • Top-notch customer service including 1-800 telephone, email, and online support

Canada Medical Loans: Our Requirements

Compare us to other lenders. We’re not afraid of scrutiny and believe we offer the best medical loan options available on the internet.

We’re totally transparent. Here are our requirements:

  • Canadian citizen who is at least 20 years old.
  • Actively working with the same employer for at least three months.
  • Earning at least $2,000 per month in the last three months.
  • Have a mobile phone and email address.
  • Presently have an open and active bank 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, and government benefits related to COVID-19 either.

Have questions for us or want to start the application process? Please read this post or visit our website.  You could have money for medical needs quickly and enjoy manageable payments.