Jul 29 2016

Cord blood banking is expensive, so how can you afford it?

Posted by Alysha

When deciding on whether or not to bank your baby’s cord blood, you must always consider the cost. Most expectant parents are interested in cord blood banking.  However, not all expectant parents can afford it. Let’s face it,  it is expensive and cord blood banking pricing is confusing.

Starting to save early is a key way to pay for cord blood banking. However, there are a few more ways to make cord blood banking pricing work with your family’s expenses.

Payment Plans

Many private cord blood banking companies offer payment plans for storing cord blood. The payment plans are usually a once of month payment for a certain number of years until the full amount is paid off. Every private cord blood bank has their own way to figuring out the monthly payment, including:  yearly storage, processing fees, and courier fees. Be careful though, many of these companies have hidden fees that are added into the final payment amount. Make sure to do your research before you commit to a payment plan! Check out more information about Americord’s  payment plans


Baby Registry

Baby registries are filled with cute strollers, and even cuter baby clothes.  Some mommies-to-be are adding cord blood to their baby registries. You can collect donations from your family and friends to help pay for cord blood banking. You can also hope a rich relative takes care of it.  Rather than a an item your future child will grow out of, cord blood banking is a timeless gift.



This is a way to afford cord blood banking that not all families can participate in, but it is essential to know about it if you have a history of certain genetic diseases. Some insurance companies will pay for cord blood banking if there is a medical need for it. Mommies-to-be if you have a family history of blood diseases or disorders, it is especially important to talk to your doctor and insurance provider about cord blood banking.


Flexible Spending Accounts

Flexible spending accounts allow individuals to save money by taking up to $5,000 of their pre-taxed salaries per year for medical purposes. A flexible spending account can cover: healthcare expenses, such as out of pocket costs, and dependent care expenses. The good news is that in certain circumstances flexible spending accounts can cover cord blood banking. That is, if it is medically necessary and it is approved by a doctor. This is similar to trying to use insurance to pay for cord blood banking.


Whether you have decided to bank your baby’s cord blood or are still figuring it out, it is worth the research on how to pay for it.  Cord blood banking has ultimate possibilities for the future of medicine.

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