Why Assisted Reproductive Technologies?
If you’re facing infertility, you may feel overwhelmed. You may feel constantly bombarded with baby photos on social media and invitations to baby showers, and feel like you’re the only one who can’t have a baby. But you’re not alone! Infertility is a common problem faced by many women and men. In fact, many of the babies in those cute photos may have been conceived through one of many Assisted Reproductive Technologies. You’ve probably got friends and family members who’ve used these technologies to create their families, even if you don’t know about it.
Whether you’re part of a heterosexual couple, a gay couple, or are a single woman, Assisted Reproductive Technologies have helped thousands of others like you to start families. Your heart is telling you that it’s time to have a baby, and your body may just need a little assistance with making that happen. Your dream of having a child (or children, should you choose to have more than one) is within reach. Yet you may wonder whether you can afford this extra cost to create your family.
There is a wide variety of different procedures available. The costs for different ART procedures can vary widely. Some are only a few hundred dollars; others are over $10,000. Unlike other types of elective medical care, with ART, you can’t just choose whatever is in your price range. It will depend on your (and possibly your partner’s) body and how it responds to each treatment.
Will Insurance Cover It?
It depends on your medical insurance. Some medical insurance provides full or partial coverage for nearly all ART procedures. Some medical insurance specifically excludes this area of treatment. Some insurance will cover certain procedures but not others, or imposes a cap on the total spending allowed. Because there’s so much variation between policies, the best way to be sure is to call your insurance company to find out what’s covered.
What Are the Financing Options?
If your insurance doesn’t cover ART, or the coverage isn’t sufficient for you to be able to afford it, then you may be tempted to give up on your dream of having a family. You don’t have to stop trying! There are many options available for financing the cost of ART. If you don’t already have the money saved, you have a wide variety of financing options available. Many fertility clinics offer financing plans for their patients. You can also get a medical credit card or other credit card, often with an attractive introductory interest rate; a medical loan, personal loan, or home equity loan from your bank; a loan from your 401(k); or loans or gifts from family and friends. Even if your credit isn’t great, you’d be surprised how many options you have, so talk with your bank about the possibilities for financing your Assisted Reproductive Technology procedure(s).