Cost Of Infertility Treatment

How to Overcome the High Infertility Cost and Get Your Treatments

cost of infertility treatmentInfertility has often been said to be the cause of break-up of an otherwise happy marriage. Although treatment has been beneficial to patients, there is a high price to be paid. For most couples, infertility cost is quite large and imposing.

This may be a barrier to those who are not financially equipped to pay the high infertility cost, especially since Insurance companies generally do not cover these costs. Couples who intend to go in for the entire course of treatment should first get help from a financial aid adviser.

Contrary to popular belief, an infertility specialist can give you your money’s worth. Advanced forms of treatment like in vitro fertilization, intracytoplasmic sperm injection, preimplantation genetic diagnosis require financial help. Some treatments often need follow up of another treatment such as genetic testing is often required for IVF. Such follow up increases the average cost by a few notches. Sometimes patients might have to go through several cycles of IVF before the process is successful.

The best way to go about this would be to enroll in a shared-risk or refund IVF program. This guarantees you a successful treatment or you get your money back. Taking a home equity loan may also solve your problem although it might result in losing more than you bargained for. It is also helpful to go through the list of special companies that offer financial assistance for infertility cost. Often, the center couples go to has contracts with major insurance companies. However, the picking and choosing of the right company is less important but what is important is whether you have the right kind of policy or not.

It is hardly the time to worry about infertility cost, though it always pays to be safe and sure, as newer methods of cost effective treatment are being developed and popularized everywhere. With the 21st century being touted as one which will be revolutionary for medicine and science, it is no longer a dreaded threat.

 

Bill would create tax credit for out-of-pocket expenses associated with in vitro fertilization

Fertility treatments can seem like a miracle for couples that haven’t been able to conceive a child on their own. But such scientific miracles come at a price, and that cost often isn’t fully covered — if at all — by most health insurance providers. Couples who are struggling to make up the difference have some important folks on their side: Rep. John Lewis (Ga.), who just introduced a bill in the U.S. House of Representatives that would provide eligible taxpayers a tax credit for the out-of-pocket expenses associated with fertility treatments.

The bill is co-sponsored by Rosa DeLauro (CT), William Keating (MA) and Richard Neal (MA) and is called Family Act of 2011. The tax credit would apply to expenses related to in vitro fertilization and treatments to preserve fertility for cancer patients.

The tax credit is modeled after an existing tax credit available to taxpayers who incur adoption expenses. It mirrors the Family Act, S 965, introduced in the U.S. Senate by Sen. Kirsten Gillibrand (NY) in May.

This is an exciting development for families who could use the tax credit to help them leap over that last hurdle standing in the way of their dreams of growing their family.