Skip to main content

Financing IVF: What You Should Know


Experiencing infertility can be an emotionally exhausting process. Processing options with your partner, visiting clinics, and carrying the desire to conceive can take over your life. And this can all feel impossible on top of the money woes that come with fertility treatments. 


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. 


  1. Savings


    There are several types of saving accounts that may be able to help with payment.
    You might have enough in your personal savings, or your employer may offer a health saving account. You could also talk to your bank about financing a savings loan.



  2. Loans


    There are many types of loans that you can consider to pay for your treatment, as long as you qualify and understand the implications of the interest rates. Just be sure to understand the specifics of each loan. For example, a traditional loan payment period may last from one year to up to 20, while a private loan can generally only be granted with a duration of five years. Some of these loans may be healthcare specific, so talk to your bank about your options.

  3. Financing Programs


    Some fertility centers have programs to help their patients pay for treatment. You may be able to set up a plan with the office to let you pay over time or in several installments.



  4. IFV Scholarships


    Many nonprofit organizations offer IVF grants for those looking to start treatment.
    Ask your fertility center about which organizations they recommend. You may also have grants available in your local community.



  5. Investments


    If you have invested your money, you can consider using it for your IVF treatment.
    This can be a wise solution for those who are unable to secure a grant or do not have the savings to finance it up front.



  6. Credit


    Depending on your current credit situation, you may have the option to finance your treatment on credit and pay it back over time. Just be realistic about what interest rates you will be able to handle at this time.

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.

Comments

Popular posts from this blog

Copycat Boston Pizza's Bandera Bread

Have you ever had a craving for something but then once you looked at it you realized, I can make that myself for next to nothing? That's how I felt last night I thought about ordering in some food but then realized I really don't want to spend any money. I really wanted pizza bread from Boston Pizza. So I recreated it and oh my goodness was it ever good. Try some of these great recipes too!  Pizza Bread Dough 1 cup warm water 1 tsp instant yeast 1 tsp sugar 2 cups flour  Seasoning 1 tbsp melted butter 1 tsp garlic powder 1 tsp onion salt 1 tsp parsley 1 tsp rosemary 1 tsp basil 1 tsp oregano 1/2 tsp sugar 1. Combine the water, yeast, and 1 tsp of sugar in the mixing bowl and let stand for 5 minutes. Add the flour and salt and mix until a ball of dough forms. Roll ball onto a floured counter top and knead for a couple minutes.  2. Put dough in an oiled bowl and let rise for 30 mins in a warm place with a clean cloth draped over top. While your doug

DIY Table Revamp - Guest Post

Hi all! I'm Tiffany from This Motherhood is Brought to You by Xanax and I am so excited to be a part of the Guest Post Swap and to be Amanda's swap partner! I love love love her idea on how to make indoor snowballs with egg cartons. I am definitely going to have to try that with my kiddos since my smallest one has decided that it has to snow for Christmas. Poor baby doesn't know snow is hard to come by in Alabama :( For my guest post I wanted to share a little DIY with you guys that involves duct tape! A few months ago my daughter's little chair that goes with her table she sits at every day tore and she made it worse by pulling all of the stuffing out of the seat! What started out as a quick fix turned into a great idea. She loved her seat so much that she has now decided that her table has look cool too so being the smarty pants that she is, she tore her table!

Amazing Ways To DIY Your Nails In The New Year

Having beautiful fingernails can really boost a woman's confidence. Not only do they feel sexy and sassy but they look well maintained and professional. There are a number of different styles of manicures you can get done professionally but they can be costly and if you are trying to stick to a budget and save money it is best to give DIY a try. These beautiful nail designs are easy to do and look fantastic. There are some that are more intricate and some that are simple but all will be amazed that you made them yourself. Try using small gems and crystals at the tips to add a touch of sophistication.  Tips make a world of difference and they can be as easy as you wish. There are so many beautiful polishes that have amazing colours you can match. These simple nail designs can be done by any busy lady and make a lasting impression to anyone who comes across them. Hot Beauty Health has all the instructions for these super simple nail designs. There are a large number