3 Ways to Finance Your Infertility Treatments
Learn about the financing programs that can help you cut the sometimes exorbitant cost of IVF, IUI, and other infertility treatments.
Oh, infertility treatments, why do you have to cost so much? As if finding out you need reproductive assistance isn’t stressful enough, the sticker shock factor that can be involved with IVF, intrauterine insemination (IUI), and other forms of ART, plus the cost of the hormone injections and medications that typically go along with treatments, really ups the stakes of trying to have a baby. Especially if your insurance policy doesn’t cover much, if anything, related to infertility, as many women unfortunately find out.
What can help defray the costs of IVF and other infertility treatments? BabyZone blogger Vanessa Bell wrote about one couple who asked the public for help in raising funds for IVF treatments. However, for most couples, paying for infertility treatments and related costs often comes down to reaching deep into their own pockets or enrolling in a fertility loan or financing program.
As for this last option, there’s been intensifying debate over the past year about lending practices for infertile couples. Some doctors and clinics offer loans through their practices, but as we’ve asked before, is this always ethical? As has been noted, some doctors appear to receive kickbacks from lenders for signing patients up for financing—without letting couples know about their financial arrangement. Interest rates through clinic-sponsored loans tend not be the greatest either (or even good), but couples may not know how to shop around for a better APR. This is a slippery slope and from the latest round of comments, it looks like there’s a growing sense that rules are needed to help infertility patients understand all their financing options.
What lending programs and other cost-saving measures may be available to you? From RESOLVE, aka the National Infertility Association, here are some financing options available to cover the costs of infertility treatments and/or medications. As you budget for infertility treatments, please note that qualifications and availability for each program can vary, as well as the specifics of how the financing is disbursed.
Monthly Payments: ARC Affordable Payment Plan
What it offers: Is your fertility specialist or fertility clinic part of the nationwide Advanced Reproductive Care (ARC) network? If so, you may qualify for the network’s Affordable Payment Plan which offers monthly plans to cover IVF or IUI treatments, plus medications involved with treatments. The bonus? ARC provides a money back guarantee should you not have a baby at the end of your fertility care.
Fertility Insurance: The Assisted Reproduction Insurance Program
What it offers: If your health insurance policy doesn’t cover infertility treatments, you may be able to buy this separate insurance plan that offers various options to cover fertility needs, including surgical procedures and doctors visits. If your fertility specialist or clinic is not currently part of the ARI network, you can request they join. If treatments are not successful, refunds and credits are available. The policy offers discounts on fertility medications through the Walgreens pharmacy network.
Self-Pay Medication Discounts: First Steps Program
What it offers: Did you know that medication costs can make up 20-30% of the total expense of fertility care? To help cover costs, patients who qualify based on sliding scale income or hardship can save 25%, 50% or even 75% off the available self-pay price at participating DesignRx pharmacies.
Want to see more options? RESOLVE’s complete list can be found here.
What’s your plan for financing IVF?
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