Why Get a Medical Loan to Cover IVF Costs?

No waiting

Get the high quality treatment you need, when you need it with 24 hour approval.

Flexible amounts

Borrow $5,000 to $50,000 to cover all treatment costs. No early repayment fees if you end up needing less.

Low monthly costs

Repayment terms up to 5 years to give you affordable monthly payments.

How Much Will IVF Cost?

A single IVF cycle ranges from bulk-billed with no gap payment for treatment, up to fully customised comprehensive treatment that will cost approximately $9,000 for IVF treatment. In each case, there are additional out-of-pocket costs associated with each cycle, that are not covered by Medicare or Private Health Insurance which start at $1,000 per cycle. Additionally, while clinics quote IVF in terms of ‘cycles’, the national average live birth success rate is 26%, meaning most women in Australia will need multiple IVF cycles in order to have a baby.

In some cases, you may have some embryos that were strong enough to freeze, but were not transferred in your first IVF cycle. These embryos may be stored and used for a Frozen Embryo Transfer or “FET”. FET’s generally cost less than a cycle of IVF, as you have already taken the medication and had the lab work done, you are mostly paying for the transfer in this case, which can save on overall treatment cost if you do not become pregnant on the first IVF cycle.

To illustrate the total cost of a treatment cycle, we’ve selected a mid-priced clinic along with mid-range costs for extra costs not included in the treatment cycle. When budgeting for IVF treatment, we recommend saving or applying for a medical loan that covers 3 IVF treatment cycles. In some cases, for example if you have a particular complex fertility issue or are of an advanced age in terms of treatment, your specialist will give you a better indication of success rates by cycle, which you can use to budget.

Learn about additional costs and success rates.

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IVF Cycle Costs

Estimated treatment and additional out-of-pocket costs for 1 IVF cycle at a mid-priced clinic in Australia.

Item Upfront Cost Medicare Rebate Out-of-Pocket Cost
Initial Consultation $250 $80 $170
Follow-up Consultation $90 $0 $90
Fertility Tests $300 $0 $300
Fertility Medication $200 $0 $200
Hospital Day Surgery $1,000 $0 $1,000
Anaesthetist Fees $600 $0 $600
IVF Treatment $8,397 $5,267 $3,130
Embryo Freezing & Storage $600 $0 $600
Total $11,437 $5,347 $6,090

Payment Plans Can Be Used at All Accredited Fertility Clinics Including

IVF Payment Options

1. Medical Loan

IVF can cost thousands of dollars and for many patients it is an unexpected expense. Many patients decide to get medical loans to cover treatment costs because of their low interest rates and long repayment terms. With repayment terms of up to 5 years, even costly treatment can be brought down to an affordable monthly repayment. Many patients also like the ability to budget for their repayments over time, in particular if they are planning to be off of work.

 

2. Debit or Credit Card

All Australian IVF clinics accept debit and credit card to pay for IVF in clinic. If you have the funds available to pay for the cost of treatment, debit is a great way to cover costs without incurring additional fees. However many people also like to keep their savings in tact if they plan to expect a baby. Most commonly patients use credit cards to cover treatment costs. However with no set repayment terms and high interest rates, credit cards often end up costing the patient a lot more in the long run.

 

3. Early Access to Superannuation

Some patients choose to try and access their Superannuation early to cover treatment costs. For those who go down this route, it is important to understand that you will be taxed at a higher rate for withdrawing your funds early if approved, and may also incur other fees from your super fund. In order to get access to your funds, you will need a treatment quotation from a fertility specialist and you will also have to undergo a psychiatric evaluation. It is no guaranteed that you will get access to your funds, you need to apply and be approved by the government. For those who do have a lot of money in their super funds and have exhausted other methods, this can be a good option.

 

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