Financing IVF: What You Should Know
About 6.7 million women in the U.S. between the ages of 16 and 44 have difficulty getting pregnant or carrying a baby to full term. And for those who choose to undergo IVF, they need to find some way to finance it. This simple guide can help alleviate your financial stress, laying out some of the most popular financing options.
Health Insurance Coverage
As with any medical treatment, insurance is the first place you turn for IVF financing. Unfortunately, insurance companies do not always offer fertility coverage. Fifteen states (Arkansas, California, Connecticut, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, Montana, New Jersey, New York, Ohio, Rhode Island, Texas, and West Virginia) require companies to offer some level of fertility coverage, but they do not require the same level of coverage.
Rachel Gurevich writes in VeryWell to read your plan carefully and look for any partial coverage. You might miss it otherwise.
"Don’t assume insurance won’t cover you," she writes. "While most fertility doctors and clinics don’t take insurance, that shouldn’t keep you from applying for reimbursement yourself. Even if IVF itself isn’t cover, certain aspects of your treatment may be."
Non-Insurance Financing Options
According to CDC data, about 35.7 million people were without health insurance in 2014. If you are among this group, or your insurance company will not cover your treatments, you will need to consider other options. While these options may not be as straightforward as health insurance coverage, there are ways to ease the burden of payment.
While financing your fertility treatments can feel overwhelming, remember that you have options and are not alone. Work closely with your fertility clinic to explore your options. They handle tricky financial situations daily, so they may have ideas that you have not thought of.