Loan Express does not require credit checks, decline a loan based off a credit check, nor do credit checks affect the minimum approved amount of the loan. The following article is purely for educational purposes.
Emergencies occur without warning. They’re sudden, disruptive, and have the potential to be life-changing. Financial emergencies, such as medical issues, are especially difficult to manage without an emergency fund set aside. We all mean to save for a rainy day, but it’s only when it starts pouring that we realize how dangerous procrastination can be.
Fortunately, there are institutions like Loan Express that can help you in your time of need. We provide financial solutions to those facing medical emergencies or other unexpected costs. Our services come with no hidden fees and a fast application process so you can get the help you need in no time.
This article delves into the nature of unexpected healthcare costs in Canada – what they look like, how widespread they are, and what you can do to help mitigate the financial risk.
How Canadian Healthcare Costs Work
A nation known for its universal healthcare system, Canada affords citizens and permanent residents access to free – albeit tax-supported – primary and preventative care services.
These include:
- Visits to a general practitioner for physicals and routine checkups
- Diagnosis, treatment of illnesses and injuries
- Immunizations
- Specialist referrals
- Mental health and addiction services
- Prescription medications
- Access to a range of diagnostic tests including X-rays, ultrasounds, and CT scans
One thing you might notice from the list above is that while many medical expenses are covered by the government, there are still a few that fall outside of this umbrella. These include things like vision and dental care, chiropractic services, custom orthotics, and prosthetic devices. While visits to the emergency room are covered, other unforeseen medical costs may not be.
It’s also worth noting that Canadian healthcare benefits are only claimable with a valid provincial health card. Individuals who are not permanent residents or citizens (e.g. foreign students) may have to pay out-of-pocket for medical expenses unless they’ve purchased supplemental health insurance to cover them while in Canada.
Public Healthcare vs. Private Healthcare
When it comes to medical care in Canada, there are two main types of coverage: public and private. As discussed earlier, public healthcare is funded by the government and covers the essential services listed above. Private healthcare, on the other hand, refers to services that are not covered by the public system and typically require out-of-pocket spending.
Private health insurance plans can be purchased through various providers, such as employers, banks, or private companies. These plans pay for the cost of services that are not included in the public system, such as prescription medications or vision and dental care. Depending on the type of plan you select, private insurance can also cover the cost of hospital stays and specialized treatments.
What Happens When You Don’t Have Private Healthcare Insurance In Canada?
The good news is that a majority of both routine and emergency medical services are provided free of charge in Canada. Medical professionals always provide treatment first and foremost, regardless of a patient’s ability to pay.
If and when someone does end up with a bill they can’t cover, there are a few options available to them. They can apply for financial assistance through their province’s healthcare system or seek out charitable organizations and support services that provide aid. Of course, that takes time.
Bureaucracy isn’t exactly efficient and it can take months to process applications. Meanwhile, hospitals and other care providers chase payments, often through debt collection agencies.
In the worst-case scenario, someone can end up with a mountain of debt that takes years to pay off. It docks their credit score, makes it harder to get loans for medical expenses, and can even prevent them from finding housing or employment.
Payday Loans for Medical Expenses
Whether you’re facing a medical emergency or just don’t have the resources to cover your entire bill, online payday loans can be an easy and relatively fast way to get the money you need.
What are Payday Loans?
Payday loans are short-term loans that are generally due on your next payday. They are often used in emergency situations when an unexpected expense arises and you don’t have the money to cover it. Payday loans for bad credit usually range from $100-$1500 and are typically repaid in one lump sum, or progressively based on a predetermined payday loan interest rate.
How Do Payday Loans Work?
Payday loans work by allowing people to borrow a certain amount of money for a short period of time. You’ll need to provide proof of income, such as pay stubs or bank statements, and sign an agreement with the lender outlining the terms of repayment. The lender will then deposit funds into your account and you’ll be responsible for paying back the loan plus interest and fees within a certain amount of time, usually two weeks.
Loan Express: Your Reliable Financial Partner
Loan Express is a reputable lender that specializes in short-term instant loans. We offer an easy online application process and fast turnaround times, so you can get the money you need as quickly as possible – often within five minutes!
Our online payday loan application is user-friendly and accessible 24/7, making it easy to request a loan at any time. We handle everything, from funding to repayment, with no middlemen and no credit checks. On the agreed-upon date, we’ll automatically debit your bank account, usually when you get your next paycheck, unless laws dictate otherwise.
Eligibility and Application
Loan Express’ application criteria and eligibility requirements ensure that we only lend to those who can responsibly manage their debt.
To receive a loan, you must:
- Be 18 years of age or older.
- Have a bank account that has been open for at least 30 days
- Use the same bank account to receive child tax benefits, pension, CPP, or payroll deposits.
Remember, these are still no credit check payday loans, meaning your score won’t influence approval.
How to Apply For a Payday Loan with Loan Express
Applying for an instant payday loan with Loan Express is as easy as one, two, three.
Here’s how it works:
- Fill out the online application form, indicating the amount you wish to borrow.
- Wait for approval, which is usually provided within 10 minutes.
- Receive your money.
Then, it’s just a matter of making sure you can pay back the loan on time.
Managing Emergency Medical Expenses
Emergencies are hard to plan for, but there are certainly things you can do to mitigate the financial implications they have for you and your family.
Save, Save, Save
Emergency savings are the best way to prepare for unexpected medical bills. Try setting aside a portion of your salary each month into an emergency fund specifically designated for medical emergencies. This will ensure you have the necessary funds if and when you need them.
Get Ahead of Health Concerns
That aching throat you’ve had for the past week could be serious. Ignoring medical issues, even minor ones can cost you in the long run. Taking care of problems before they become too serious will help reduce your overall medical expenses and save you money down the line.
Request Payment Plans or Negotiate Medical Bills
Many times, medical bills can be too expensive to pay in one lump sum. If you find yourself unable to pay, check with your doctor or hospital’s billing department and see if they offer payment plans that are more manageable for you and your family.
A Provider of Online Payday Loans Canada Can Trust
From medical bills to emergency home repairs, Loan Express is here for you when life throws a curveball your way. Our instant transfer payday loans are the simple solution stressful situations call for. There’s no paperwork or waiting in line, just fast response times and an answer within minutes. Apply online now and get the money you need quickly!