When you are trying to conceive, the last thing you want to worry about is money.
Unfortunately, this is often a roadblock for many couples who desperately want to have a baby.
Because couples who are struggling to conceive believe that fertility treatment is unaffordable.
And since many couples require more than one cycle of IVF to conceive, the costs can quickly add up.
So how can you make sense of the costs associated with fertility treatments?
The truth is that there are many fertility treatment options available, and the costs vary depending on the type of treatment you choose.
Let’s break down the average costs of some of the most common fertility treatments.
What Are Some Types And Costs Of Fertility Treatments?
The first step is to understand that the costs of fertility treatments will vary depending on a number of factors.
These include the type of treatment you are undergoing, your geographical location, and your insurance coverage.
Here are a few types of fertility treatments to look into:
IVF (In Vitro Fertilization)-According to the American Society for Reproductive Medicine (ASRM), the average cost of IVF in the United States is between $12,000-$15,000. This cost includes medications, doctor visits, ultrasounds, blood tests, and the procedure itself.
Intrauterine Insemination (IUI)-IUI is a less invasive fertility treatment than IVF. The ASRM reports that the average cost of IUI in the United States is $865 per cycle. IUI typically requires medication and multiple doctor visits as well as blood tests and ultrasounds.
Fertility Medications-If you are not undergoing IVF or IUI, you may still need fertility medications in order to conceive. These medications typically stimulate ovulation so that you’re more likely to release an egg during intercourse. The average cost of fertility medications is $10-$100 per month.
No matter which type of treatment you choose, coordinating with your insurance carrier should be the first step to see what they would cover.
There are fifteen states in the U.S. that have laws mandating the insurance companies to cover infertility treatment; Arkansas, Connecticut, Delaware, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, Montana, New Hampshire, New Jersey, NewYork, Ohio, Rhode Island, and West Virginia. Two other states California and Texas have laws that require insurance companies to offer coverage for infertility treatment.
How can you offset the cost if your insurance carrier doesn’t cover or only covers minimal amounts when using a type of fertility treatment?
Believe it or not there are fertility financial options.
Fertility Clinics in the Northeast have teamed up with CapexMD.
CapexMD understands that time is of the essence when you’re going through fertility treatment and will work with your clinic to get pre-approved for a loan in one day or sooner. They believe every patient should have access to competitive financing to help achieve their dreams of becoming a parent.
Fertility treatments can be expensive but there are ways to manage the costs.
Be sure to consult with your doctor or fertility specialist to discuss which treatment options are right for you and your budget.
Remember that there are many resources available to help you.
Have questions or need some guidance? Contact us today!