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  • 12 to 84 month terms
  • 6 to 24 month promo offers
  • 9.99% – 17.99% APR
  • Approvals up to $60,000
  • No prepayment penalties

Healthcare Financing for Elective Procedures

If you are considering healthcare financing for elective procedures, you are not alone. Millions of Americans choose to finance healthcare costs every year. There are many reasons why people might need healthcare financing for elective procedures. Maybe your insurance doesn’t cover the cost of the procedure, or maybe you are uninsured. Whatever the case, using a third party lender that specializes in healthcare financing, like PowerPay, can help you afford the care you need.

What are the benefits of financing healthcare with PowerPay?

There are many benefits to financing your elective healthcare procedure with PowerPay. We have made the loan process as efficient as possible for both consumers and providers. Some of our highlights include:

  • Soft credit pulls
  • No prepayment penalties
  • No deferred interest
  • Low APR and affordable loan options
  • Excellent customer service 

How do I apply for healthcare financing with PowerPay?

Applying for healthcare financing with PowerPay is quick and easy. You can apply in the office or on our website. Your doctor may also email or text you a link to their customized application.

To get started, you will provide some basic information about yourself and upload your treatment plan and driver’s license. Then, you’ll sign your loan docs and you’re done! Once you’re approved for a loan, your medical professional will be funded for the full cost of the procedure and you can begin making monthly payments to PowerPay within 30 days. Monthly payments are calculated depending on your chosen loan term. Additionally, there are no prepayment penalties so you can pay off part or all of your loan early at no cost.

Industry Best Program

up to 72-month terms, rates from 9.99%, and max loans of $60,000

Streamlined Process

instant decisions, electronic docs, quick and easy loan process

No Prepayment Penalties

pay off part or all of your loan at any time with NO penalty fees

Calculate your monthly loan payment

Term (In Months)

Interest Rate

What is an elective procedure?

An elective procedure is a medical procedure that is not medically necessary. Many people choose to have elective procedures for cosmetic reasons. For example, someone might get breast implants or a nose job. Other people choose to have elective procedures for health reasons. For example, someone might get a pacemaker implanted. There are many reasons why someone might need healthcare financing for an elective procedure. Maybe your insurance doesn’t cover the cost of the procedure. Or maybe you don’t have insurance at all. In some cases, people may need to finance healthcare costs because they do not have the money to pay for them upfront.

Does insurance cover elective procedures?

Whether or not insurance covers the cost of healthcare for elective procedures is a complicated question. In some cases, insurance will cover the cost of healthcare for elective procedures. However, in other cases, insurance will not cover the cost of healthcare for elective procedures. The reason why insurance coverage for healthcare costs can be so complicated is because there are many different types of insurance plans available. Some insurance plans cover healthcare costs for elective procedures while others do not.

What is the typical cost of an elective procedure?

The typical cost of healthcare for elective procedures can vary greatly depending on a number of factors. For example, the geographical location where you receive treatment can impact the cost of your procedure. Additionally, the provider you choose to perform your procedure can also impact the overall cost. 


Healthcare Financing FAQs

What kind of healthcare services can I get a loan for?

Patients can finance nearly any elective medical procedure through participating doctor’s offices and practices. Check with individual lending providers for specific eligibility requirements. Examples of the various healthcare procedures that can be covered range from dentistry, and vision procedures to fertility treatments, medical spa procedures and even cosmetic surgery. Speak with specific loan providers for additional details and a full list of procedures eligible for financing. A partial list of the most popular healthcare procedures you can borrow money for using a patient healthcare loan is below:

Dentistry:  Clear Aligners, Cosmetics & Orthodontia, General Dentistry, Gingival Contouring, Implants, Orthodontics, TMJ, Veneers,

Vision:  Cataract Surgery, Conductive Keratoplasty, LASIK, Lens replacement

Fertility:  Donor Eggs and Embryos, Gamete Intrafallopian Transfer (GIFT), In Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), ​Intrauterine Insemination (IUI), Zygote Intrafallopian Transfer (ZIFT)

Cosmetic Surgery:  Abdominoplasty, Body Contouring – Cool Sculpting, Breast augmentation, Eyelid surgery, Facelift, Liposuction, Mini facelift, Mommy makeover, Nose job/rhinoplasty, Plastic surgery, Reconstructive surgery, Skin Tightening, Tummy tuck

MedSpa Treatments:  Acne treatments, Age spots, Body sculpting, Chemical peels, Coolsculpting, Hair replacement, Hair Restoration, Injectables and Fillers (Botox® Cosmetic, Dysport™, Xeomin®, Juvederm®), IPL/ Laser treatments, Laser hair removal, Laser resurfacing and light therapy, Microdermabrasion and Micro-Needling (PRP), Spider and varicose vein treatments, Tattoo Removal

What healthcare loans does PowerPay offer?

Our healthcare financing program provides instant approvals for most elective medical procedures.  Some of the highlights of our medical healthcare loans include:

  • No Dealer Fee Options
  • 9.99% rates
  • 6 month to 6-year terms (and everything in between)
  • Maximum loan of $60,000
  • No prepayment penalties
  • Unsecured loan
  • No high-interest credit cards

What is healthcare financing?

When an elective medical procedure is too expensive for a patient to pay out of pocket, lending platforms like PowerPay can cut down those large payments into smaller, more manageable monthly payments through an unsecured loan. As an example a $10,000 medical procedure can be broken down into a monthly payment of $185 which you can pay over time.  Since there are no prepayment penalties you can pay off the loan whenever you want.  For elective procedures, there is no better choice than PowerPay for you and your patient

Healthcare financing is the process of using a loan to pay for healthcare costs that insurance doesn’t cover. If you don’t have the funds, using a loan to finance that cost over time can help make this expensive procedure more affordable.

How do most individuals finance their healthcare costs?

There are many different options available to help pay for healthcare costs – some people have a medical savings account, a flexible spending account, or insurance provided by an employer or paid for individually. For procedures not covered by insurance, which can cost thousands of dollars, healthcare is more likely to be paid in cash, or financed. There are many finance options but the fastest and easiest and least painful are unsecured loans which generally offer lower interest rates than credit cards.  Choose an unsecured loan which allows for free prepayments so you can pay off the loan without any fees whenever you have the money to pay it off.

When is my first payment due?

Your first payment is due approximately 30 days after you have signed your loan documents. Our concierge team will reach out after you have applied and been approved to help guide you through the process.  Our team can answer any questions and help you set up automated payments or visit our payment center here 

We accept Debit Card, ACH (checking account) and checks.

Mobile Payments:  To make payments or set up automated payments download the app for the iPhone or Android device using the following links: Google /  Apple

Automated Payments:  You can call us at (800) 397-4485 if you need help setting up your account watch the video or use the pdf step by step guide on the tabs.

Online:  Click here to set up your online account

Phone: You can call (800) 397-4485 until Midnight EST.

How do I apply and will applying affect my credit score?

It’s easy to apply.  Ask your medical provider – they will share a link with you.  You can apply online or in the office. No.  PowerPay uses what’s called a soft pull when checking your credit score.  A soft pull does not notify any credit agency and will not affect your credit score.

PowerPay Elective Healthcare Procedure & Treatment Loans FAQ

Visit our borrower FAQ page for answers to top inquiries about PowerPay elective healthcare loans.