Making Fertility Treatment Affordable: Financing Options at PCRM
At PCRM, we understand that fertility treatments, including in-vitro fertilization (IVF), can be costly, and we are committed to helping patients navigate these expenses. While some treatments may be covered by provincial insurance, many services, such as IVF, require private funding. To ease the financial burden, PCRM partners with reputable lending institutions that offer financing options designed to make fertility care more accessible.
Our Financial Concierge team is here to guide you through your financial journey, helping you understand the cost breakdowns for fertility treatments, including IVF, egg freezing, donor services, and more. We’re happy to provide clarity on coverage from the Medical Services Plan (MSP) or other insurance plans, as well as financing solutions tailored to meet individual patient needs.
Utilize Fertility Treatment Tax Credit
Fertility treatments may qualify as deductible medical expenses on your income tax return. This credit can help offset medical costs for you and your partner. To claim this tax credit, expenses must meet these criteria:
- Payment must have occurred within the previous calendar year's 12-month period
- No reimbursement was received from private insurance plans
- Documentation available through original receipts—we recommend keeping all fertility treatment receipts in one location
While we strive to provide comprehensive information, we recommend consulting with a professional tax accountant about your specific situation. Tax laws are complex, but a professional can guide you toward the best approach for your circumstances. For more information about Eligible Fertility Medical Expenses, please visit the CRA Website or contact your Financial Concierge today.
Financing Programs Available
To make fertility care accessible to more families, PCRM partners with trusted financial providers like Medicard and Beautifi. These institutions offer flexible payment plans, allowing patients to spread the cost of treatment over a manageable period. Whether you’re looking to finance part of your treatment or cover the entire cost, these financing options give you the flexibility to choose a plan that fits your budget. Click here to learn more about these financing options.
Check Your Benefits
When planning fertility treatments, it's essential to review your health benefits thoroughly. Many employers, including well-known companies, are starting to offer fertility coverage, including options for treatments like in-vitro fertilization (IVF) or egg freezing. Checking your policy could reveal valuable support that may reduce out-of-pocket costs. Be sure to consult your insurance provider or HR department to fully understand your coverage and take advantage of any fertility benefits available. This proactive step can make a significant difference in managing treatment costs.
Some larger companies that may be offering fertility benefits include:
- Apple
- Meta
- Amazon
- Microsoft
- Spotify
- Intel
- Bank of Montreal
- CIBC
- Scotiabank
- Telus Communications Inc
- Cisco Systems Inc
- Starbucks
- Sun Life
And more!
The Fertility Journey: Financial Guidance at Every Step
From the initial consultation to your final treatment, our Financial Concierge team is available to support you in understanding your financial options. By offering payment plans and working with lending institutions, we strive to make fertility treatment as affordable as possible while ensuring that patients receive the best care.
For more information, visit our Fertility Financing page and explore how we can help make your fertility journey smoother and more financially manageable.
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About the PCRM Blog
Welcome to the Pacific Fertility Centre for Reproductive Medicine Blog! Nationally and internationally recognized for providing exceptional reproductive care, our team believes in empowering people with the knowledge they need to navigate their unique fertility journeys.
From information on the latest fertility treatments to valuable insights on egg donation, surrogacy, and everything in between, the Pacific Centre for Reproductive Medicine Blog is your ultimate resource for all things reproductive care and support. Read on to learn more, and contact us today if you have any questions or want to schedule a new patient appointment.