Infertility Treatment Funding ResourcesKatlyn Joy |10, October 2014
Infertility is not a rare problem. According to the Centers for Disease Control and Prevention, an estimated 11 percent of American women of childbearing age are infertile. Infertility is defined as not getting pregnant after 12 months of unprotected sex.
Sometimes an answer to an awaited baby is simple and inexpensive, relatively. Perhaps some medication, or a simple surgical procedure done in office and covered by insurance. But often something more is required, such as falls under the term assisted reproductive technology, or ART.
Basically, ART is a procedure where sperm and eggs are handled outside the human body to aid fertilization. The main type of ART is in vitro fertilization, or IVF. While success rates, by CDC statistics, are not overwhelming positive, depending on your age, IVF is pretty costly. For instance, the success rate for women under 35 is 40 percent. When you look at women ages 41 or 42, the percentage drops all the way to 12 percent.
The first cycle of IVF with medications included will be around ,000. Should that first cycle not be successful, expect to spend about -5,000 for frozen embryos harvested in the initial go-round and several hundred dollars annually on storage fees.
That just isn't in the budget of many American families today. So what options exist for couples needing some medical help to create a family?
This is something couples several years ago would have missed out on. By using sites such as GoFundMe.com, Indiegogo, GiveForward, or YouCaring, couples can make appeals for donations to help make their dreams of a baby a reality.
How many people are trying this new-fangled concept to fund their fertility treatments? According to one such site, GoFundMe, since its 2010 introduction, more than .1 million has been raised under its category of Babies, Kids and Families, for IVF treatments. And the numbers are radically rising in the last two years.
Grants are funds which do not require repayment, and many couples are surprised to learn there are grants available for couples seeking money to complete ART procedures. Some organizations award only funds to cover a few families in a year, others are larger. Some are specific to conditions, locations or family details, many are open. Here is a sampling:
The Pay It Forward Fertility Foundation. This foundation has grants available for those without insurance coverage for fertility treatments.
The International Council on Infertility Information Dissemination Inc., has scholarships available for those who meet the criteria and are selected to receive IVF procedures from doctors who are donating their time and services.
Sparkles of Life IVF grant by Sparkles of Life, Inc. A non-profit organization in Texas that awards five couples each year to receive IVF through their Vivere-Garden of Life Grant.
The Cade Foundation offers a ,000 IVF grant to qualified families.
The Baby Quest Foundation awards grants every quarter for various fertility treatments or options, including artificial insemination, egg and sperm donation, egg freezing, embryo donation, IVF and surrogacy.
One grant is dependent upon the recipient living within 24 miles of Morris, Illinois. The granting organization is The Angels of Hope Foundation, and the name of the grant is the Creating Miracles Grant.
Other Financing Options
Some fertility centers offer discounts, refunds or money-back guarantees, and multicycle discounts. Check into the options in your area and be sure to read any fine print.
Some fertility centers offer clients payment arrangements. Also consider the impact of tax credits for medical expenses. There can be loans available for these types of treatments, which is preferred to high interest credit card debt.
If you use retirement funds, think carefully of the long-term implications and how you will prepare for retirement needs. Also, factor in any penalties for withdrawing funds early.
Do your homework on insurance companies, to see how infertility treatments are covered under various plans, and the cost to you as far as premiums and out of pocket expenses go.
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