Fertility treatments can eat through a couplesâ€™ savings quicker than expected. Â With an average IVF cycle running $12,000 and surrogacy nearly six-figures, it doesnâ€™t take long to rack up a hefty bill.
For couples looking for ways to help pay for fertility treatments, check out these suggestions:
Use your OB. Â Check with your OB to see if they offer any fertility services. Â Some physicians may perform simpler treatments such as artificial insemination. Â Also, get as much blood work and diagnostic testing done at your OB as possible to help cut costs.
Know your insurance policy. Â Contact your health insurance company to find out exactly what fertility treatments they cover. Â Depending on what state you live in, they may be required to cover the costs of some treatments.
Talk to family. Â Parents or grandparents may be willing to help financially support fertility treatments. Â An added benefit is a decrease to their estate to avoid additional tax penalties.
Use loans. Â Some clinics offer loans or payment programs to help cover the costs of fertility treatments. Â Make sure to shop around in order to find competitive interest rates.
Look for grants. Â Depending on your financial situation, you may be eligible for income-dependent grants available to couples who canâ€™t afford fertility treatments.
Look into discount programs. Â Some clinics offer IVF packages that provide a bulk discount for buying multiple treatments at one time.