Healthcare Spending Card Fees Overview

You pay no annual fees¹.

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We don’t charge interest¹.

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You can take advantage of 0% financing¹ options for the following qualified expenses:

Hospital expenses when repaid over 12 months
Other Healthcare expenses when repaid over 4 installments

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For all other types of healthcare bills we do charge origination and periodic finance fees¹ that total between 8-13% of the original loan amount over 12 months (see chart for how this varies by loan amount). Specifically, we charge a 5% Origination fee¹ plus periodic finance fees (charged four times over the 12 months and get smaller as you pay back your loan¹).

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Two HR professionals discussing health benefits

Fees² (in dollars)

Fees² (as a % of the original loan amount)

‍¹ LH Lending does not charge interest on, or an annual fee for, the Healthcare Spending Card. “0% financing” pertains to repayment options that do not charge interest (0% interest) nor origination or periodic finance fees ($0 fees). Each Advance can be repaid in full, 4-month term or 12-month term (with a minimum $3 due each payment period). Transactions other than qualified hospital expenses (based on merchant category code) will be charged an origination fee of 5% and periodic finance fees. The location of the service provider is not determinative of whether a transaction is a qualified hospital expense. Rather, transactions made within or at a hospital (including but not limited to specialists, doctors, pharmacies, etcetera) are determined to be eligible by the associated MCC and not the location of the service provider in the hospital. New Advances, if eligible, can be repaid in full or over 4 installments with no origination or periodic finance fees. Late fees apply.