EP326 NerdWallet's Guide to the Costs of Fertility Treatments

Young Money with Tracey Bissett

Have you ever wondered about the true costs of fertility treatment in Canada? In today's episode, we sit down with Shannon Terrell, a lead writer and spokesperson for NerdWallet, to explore the financial realities many Canadians face when seeking fertility treatments. With one in six Canadian couples experiencing infertility, understanding the costs and financial options available is crucial. Shannon shares insights from a guide she developed, offering a comprehensive look at the various methods of fertility treatments and their associated costs.

Listen in as we discuss where Canadians can find financial support for fertility treatments. Shannon explains the limited government funding available in some provinces and how to navigate these options. She also covers the potential benefits of personal loans or lines of credit, emphasizing the importance of understanding the fine print. Shannon provides valuable tips on how to approach family and friends for financial support, making these tough conversations a bit easier.

“Infertility is an important conversation to have. Not only is it a complex medical journey but it’s a complex financial journey as well.” - Shannon Terrell

This Week on Young Money:

• What a typical day as a writer for NerdWallet looks like.
• The broad spectrum of fertility costs.
• What Canadians can expect to pay for fertility treatments.
• Where can Canadians look for financial support.
• How to find out what your province or territory offers. 

Key takeaways:

1. Understand the high costs of fertility treatments in Canada.
2. Explore provincial financial support options.
3. Consider personal loans for treatment expenses.
4. Learn how to ask family for financial help.

Connect with Shannon Terrell:

• LinkedIn
• NerdWallet
• NerdWallet Website
• NerdWallet LinkedIn
• Fertility Treatment Costs in Canada: What You Need to Know
• EP301 Will Swifties Save or Sink into Debt?
• EP321 TikTok Credit Card Tips Reviewed by NerdWallet Canada

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