In-vitro fertilization (IVF) treatments are a big investment, emotionally, physically, but also financially, so people sometimes turn to IVF financing to cover the costs. IVF financing can mean entering into a payment plan with your fertility treatment provider, loaning, applying for a grant, or asking others for help.
We understand that you’re already undergoing a challenging, confusing, and overwhelming time right now. We prepared this article to help you understand how IVF financing works.
Financial Options for IVF Treatments and How They Work
Clinical Payment Plan
Payment plans may allow you to pay a set sum now and provide the next payments in installments. Other times, they may offer guarantees like partial refunds or full refunds. Partial refunds often happen when you pay for several sessions in one go but decide you don’t want to continue with the remaining treatments. Meanwhile, full refunds are a clinic’s way of guaranteeing you an effective treatment, where they’ll return all your money if their promised result doesn’t happen.
You can check if your chosen fertility clinic offers payment plans by asking your treatment providers. It’s often wise to choose this IVF financing method since it doesn’t require you to take up a loan.
Loans
You can apply for loans in various fertility treatment financing companies or traditional or online loan lenders. Fertility financing companies can offer you discounts on treatment packages or loans, but note that some require that you undergo treatment at their chosen clinics. They may also possess a higher starting annual percentage rate than personal loans.
Personal loan lenders lend you money if they approve your loan application. You’ll need to pay them back monthly, and this repayment includes interest. At times, they may charge a fee for processing your loan, too.
Credit Card
You may use your credit card to pay for some of your IVF treatments. If you’re still under your card’s introductory zero annual percentage, this is the best option for financing your IVF treatments. That way, you can pay your clinic now, undergo the treatment, and then pay off your credit card debt later. If you’re no longer under the 0% interest months, repaying a debt by credit card may cost you more.
Health Savings Account
You can open a Health Savings Account if you qualify for it. With it, you can reduce your taxable income and place the saved money there. You also don’t need to pay taxes when undergoing eligible medical expenses.
Fertility Grant
Fertility grants don’t require repayment after receiving the funds for your treatment. Still, you may need to pay an application fee. Grants can cover the full cost of one treatment, a whole treatment package, or a set amount.
Crowdsource
If you’re out of IVF financing options and can’t apply for loans, you can try crowdsourcing. Some people may find this hard to do, but some people may not experience any issues with sharing their stories to the public. You can ask for donations in forums, Facebook, Patreon, and other social channels and websites.
IVF Treatments Take a Lot From You
IVF treatments require plenty of things from you, including financial and emotional investments. That’s quite a lot to give, but the returns from participating in IVF can yield more than your initial investment.
Cryo Courier understands you’re undergoing a challenging and crucial time. We strive to provide you with only the best cryogenic transportation service. We ensure everything goes smoothly and you end up with a stress-free experience with us. We also don’t charge any unnecessary fees.
We know you already spent a lot on your treatments, and the least we can do is unburden you both financially and emotionally. We aim to compassionately serve everyone who needs embryo, egg, or sperm transportation at an affordable rate. We’re here for you.