Paying for Infertility Treatment? No Need to Go it Alone
When the high cost of infertility treatment has got you down, consider seeking help from different people in your life. While you may want to keep some details about your fertility journey private, seek help from others to learn how to make treatment more affordable and less stressful.
Fertility clinic team
To help you understand more about your financial responsibility for treatment, ask your fertility clinic staff and doctors the following questions:
- Is payment for infertility treatment required upfront? If not, will the office help you set up a payment plan?
- Does the clinic offer a reduced rate if you purchase in vitro fertilization (IVF) packages?
- Will the office staff contact your insurance company to check your benefits, or is it your responsibility?
To maximize your chances for success, find out the success rates for each procedure that your doctor recommends. If you are going to pay big bucks for treatment, make sure that you are getting your money's worth. The doctors and staff at your fertility clinic understand how difficult this process can be, emotionally and financially. As a result, some fertility clinics offer financial counseling on site. Talk to your doctor to learn more.
Health insurance company representative
Some states, including Arkansas, California, Connecticut, Hawaii, Illinois, Maryland, Massachusetts, Montana, New Jersey, New York, Ohio, Rhode Island, Texas and West Virginia, require some sort of insurance coverage for fertility treatment. Residents of other states may also have coverage, but with certain limitations. Contact your insurance company to learn more about your infertility treatment insurance coverage, if any. For instance, some tests and diagnoses could be covered, while certain procedures and medications won't be.
Family and friends
You may not want to share the full details of this fertility journey with others. However, if you haven't already shared some of your story with family members and loved ones, consider doing so. If you are financially strapped, your parents, siblings, and other loved ones may want to help. Somebody might even be willing to offer you an interest-free loan or generous financial gift to help you pay for infertility treatment.
While an interest-free loan or gift would be most appreciated, you'll probably have to pay for infertility treatment on your own. If you don't have the money, consider meeting with a financial counselor. He or she can help you organize your finances and learn about loan options, moving you one step closer to pregnancy. Your financial counselor will want to look at your entire financial portfolio. This includes what you owe (like your mortgage, student loans, and credit card debt) and what you own, including money in savings. A counselor can guide you in setting up a monthly budget and long-term savings plan. You would be surprised how much you can save when you sock away 50, 100, or even a few hundred dollars a month. Within a year or two, you may be well on your way to paying for infertility treatment with cash out of your pocket.
Add another counselor to your fertility team. Not a financial counselor…a mental health counselor. An infertility diagnosis has got you stressed enough as it is. Worrying about how to pay for infertility services can cause further mental health strain. Regular visits with a therapist offers you a chance to discuss your concerns about money and infertility. Plus, a therapist can help you address other problems and stressors in your life, including career and relationship issues.
You may feel physically scarred by infertility treatment. Don’t let the financial stress of infertility scar your relationship, too. If you and your partner disagree on how to pay for infertility treatment, consider seeing a couples counselor. Couples therapists are trained to help you and your partner resolve conflict and reach a compromise. This can reduce tension that stems from financial planning and infertility treatment. As a bonus, many insurance companies cover the cost of individual and couples counseling for a reasonably low co-pay.