Affordable Fertility Financing
IVF Cost Solutions and Financing for Those With Bad Credit
One of the most cherished moments for any parent is holding their bundle of joy for the very first time. As beautiful and heartwarming as this moment is, the journey to parenthood can often be challenging and fraught with obstacles.
According to the CDC, between 2015 and 2019, 13.4% of women aged 15-49 (approximately 9.7 million) in the United States had impaired fecundity, defined as physical difficulty in either getting pregnant or carrying a pregnancy to term. During the same period, 8.5% (about 2.4 million) of married women in this age group faced infertility, the inability to conceive after 12 months of trying.
Infertility also affected men, with 11.4% of men aged 15-49 and 12.8% of men aged 25-49 experiencing some form of infertility during 2015-2019. These statistics highlight the significant struggles couples endure in their efforts to conceive.
Adding to these challenges are the high costs and limited insurance coverage of fertility treatments. For instance, In Vitro Fertilization (IVF), a promising solution for many couples often comes with a substantial financial burden.
In this blog, we will elaborate on the current state of fertility challenges in the U.S., the cost of IVF treatment and its insurance coverage, and viable options available to those seeking fertility treatments, including those with bad credit.
What Is IVF?
A Ray of Hope
In Vitro Fertilization (IVF) has proven to be a successful treatment for a variety of infertility issues.
As the name suggests, it is the process by which the egg is fertilized with the sperm “In Vitro” or “within the glass.” Hence the popular term Test Tube Baby (since the embryo is formed in a test tube).
The process begins with stimulating the ovaries to produce multiple mature eggs, which are then carefully retrieved. In a specialized lab, these eggs are fertilized with sperm to create embryos. After a few days of development, the healthiest embryo(s) are selected and transferred into the woman’s uterus. If implantation occurs, it results in pregnancy. While a single IVF cycle typically spans 2-3 weeks, the duration can extend depending on individual circumstances and the specific steps involved.
IVF has surely helped countless couples achieve their dream of parenthood. However, one major factor that comes into play is IVF treatment costs. More on this, later in the blog.
What Is the Success Rate of IVF Treatment?
The Younger, The Better
The success of IVF treatment can vary widely based on several factors, with the age of the woman being one of the most significant. As women age, there is a natural decline in both the quantity and quality of their eggs, which significantly impacts the success rates of fertility treatments. This decline becomes more pronounced after the age of 34.
The younger the individual, the higher the chances of a successful IVF outcome.
The graph below depicts the success rate of IVF treatment based on age:
According to the CDC, the use of Assisted Reproductive Technologies (ART) like IVF has more than doubled over the past decade. Approximately 2.3% of all infants born in the United States each year are conceived using ART.
How Much Does IVF Cost?
It’s All Relative
Although this meticulous procedure has opened new avenues of hope for those struggling with infertility, one of the major challenges that people face is the cost associated with the procedure.
Here’s a breakdown of costs across the United States:
| City | IVF Cost |
|---|---|
| New York City | $12,000 – $15,000 |
| Los Angeles | $12,100 – $15,000 |
| Chicago | $12,500 – $15,000 |
| Brooklyn | $12,200 – $15,000 |
| Houston | $12,000 – $15,000 |
| Queens | $12,250 – $15,000 |
| Philadelphia | $11,800 – $15,000 |
| Phoenix | $12,100 – $15,000 |
| Manhattan | $12,200 – $15,000 |
| San Antonio | $12,150 – $15,000 |
| San Diego | $11,900 – $15,000 |
| The Bronx | $12,300 – $15,000 |
| Dallas | $12,500 – $15,000 |
| San Jose | $12,000 – $15,000 |
| Austin | $12,000 – $15,000 |
| Jacksonville | $12,250 – $15,000 |
| San Francisco | $11,800 – $15,000 |
| Columbus | $12,100 – $15,000 |
| Fort Worth | $12,200 – $15,000 |
| Indianapolis | $12,150 – $15,000 |
| Charlotte | $11,900 – $15,000 |
| Seattle | $12,300 – $15,000 |
| Denver | $12,000 – $15,000 |
| El Paso | $12,000 – $15,000 |
| Detroit | $12,250 – $15,000 |
| Boston | $11,800 – $15,000 |
| Memphis | $12,100 – $15,000 |
| New South Memphis | $12,200 – $15,000 |
| Portland | $12,150 – $15,000 |
| Oklahoma City | $11,900 – $15,000 |
| Las Vegas | $12,300 – $15,000 |
| Baltimore | $12,500 – $15,000 |
| Washington, D.C. | $12,000 – $15,000 |
| Milwaukee | $12,000 – $15,000 |
| South Boston | $12,250 – $15,000 |
| Albuquerque | $11,800 – $15,000 |
| Tucson | $12,100 – $15,000 |
| Nashville | $12,200 – $15,000 |
| Fresno | $12,150 – $15,000 |
| Sacramento | $11,900 – $15,000 |
| Kansas City | $12,300 – $15,000 |
| Long Beach | $12,000 – $15,000 |
| Mesa | $12,250 – $15,000 |
| Staten Island | $11,800 – $15,000 |
| Atlanta | $12,100 – $15,000 |
| Colorado Springs | $12,200 – $15,000 |
| Virginia Beach | $12,150 – $15,000 |
| Raleigh | $11,900 – $15,000 |
| Omaha | $12,300 – $15,000 |
| Miami | $12,500 – $15,000 |
As is clear from the table above, the average IVF cost comes out to be $11000 – $15000. However, you must be advised that this does not encapsulate the entire cost of the treatment. There are several other procedures and steps involved wherein you may be required to shell out more. For instance, IVF medications, fertility assessment, bloodwork, egg retrieval, donor egg/sperm, follow-up care, and more. Some of them are listed below:
- Artificial Insemination Cost: $500 to $4,000
- Fertility Test Cost: $250 to $500
- Embryo Transfer Cost: $3,000– $5,000
- Egg Freezing Cost: $1,000 to $2,000
It is best to ask your care provider for the list of things that will be covered in the base fee and what you can be expected to pay.
Also, you may be required to undergo several cycles of IVF, depending on your individual health factors. Most clinics charge less for second or third cycles. Before squaring down on the clinic you want to go ahead with, ask them about their success rates and the amount you will have to pay should you undergo another cycle of IVF.
Insurance and IVF
Don’t Go Hand in Hand (Usually)
Insurance coverage for fertility treatments like IVF in the United States is quite complex and often limited.
Currently, only a few states mandate insurance coverage for infertility treatment, and even in these states, the extent of coverage can vary significantly. For instance, some states mandate coverage for IVF, while others may only require coverage for diagnostic procedures or less costly treatments like IVF medication and intrauterine insemination (IUI).
What Insurance Typically Covers:
Insurance plans that do offer fertility coverage might include:
- Initial consultation and fertility assessments
- Diagnostic tests and bloodwork
- Medications for ovarian stimulation
- Monitoring during the IVF cycle
However, coverage for the actual IVF procedure, including egg retrieval, laboratory work, and embryo transfer, is often limited or excluded. Additional procedures such as genetic testing, use of donor eggs or sperm, and embryo freezing may also not be covered.
For more information on whether your state covers infertility treatment, check out the Resolve: The National Infertility Association website. It provides detailed insights into state-specific insurance mandates and the extent of coverage for infertility treatments, helping you better understand your options and plan accordingly.
How to Pay for IVF?
(Family) Planning Is the Key
Fertility treatments are undeniably expensive, and the out-of-pocket expenses can add to the woes. This financial strain often leads to significant stress, potentially deterring some individuals and couples from pursuing treatment altogether. To help manage these costs, there are several invitro financing options available:
➡️Take Out a Loan
You can either secure a loan directly from your fertility clinic or opt for a personal loan from a bank or other financial institution. Loans provide the advantage of receiving a lump sum amount that can cover the treatment costs upfront. You will be required to repay the loan over time with an interest rate.
➡️Credit Card
Using a credit card to cover part of the IVF treatment costs is another option. This might be suitable for smaller expenses or for covering gaps not financed by loans. This method works well for individuals and couples who can cover some treatment costs but need additional support for specific parts of the procedures.
➡️Save Up
Planning ahead and saving for fertility treatments can help manage costs. Setting aside money over time can reduce the financial burden when the time comes for treatment. Starting to save early can make a significant difference in your ability to afford the necessary treatments.
➡️Clinical Trials and Studies
Participating in clinical trials and studies can sometimes provide access to free or reduced-cost fertility treatments. Check here for ongoing trials for which you might qualify. This can be an excellent way to access cutting-edge treatments while making IVF cheaper.
➡️Military Discounts on IVF Services
Some fertility clinics offer discounts on IVF services for military personnel. If you or your partner is in the military, inquire about any available discounts to bring down the IVF price. This can provide substantial savings on the overall IVF treatment cost.
➡️IVF Payment Plans
Many fertility clinics offer payment plans for IVF that allow you to spread the cost of treatment over time. This can make the financial burden more manageable, as you can receive the treatment you need and pay over several months.
IVF Financing With Bad Credit
It’s a Concern, But We Have a Solution
Your credit history will play a role in determining which financing options are available to you.
Having bad credit can complicate financing options, but it doesn’t make them impossible. Here’s why it’s a concern and what you can do:
Why It’s a Concern:
Bad credit can limit your ability to secure loans or favorable interest rates, making it more challenging to finance costly fertility treatments. This can increase stress and financial strain.
What You Can Do:
Opt for Denefits Payment Plans!
Ask your service provider about Denefits payment plans. Denefits offers flexible payment options without requiring a credit check and has a 95% approval rate. This makes it an excellent option for those with bad credit, ensuring that more individuals and couples can access the fertility treatments they need.
Not only that, Denefits enables care providers to improve access to necessary treatments. Now they no longer have to turn down patients who have low credit scores.
Summing It Up
While the high costs of infertility treatments pose significant challenges, there are ways to manage these expenses effectively. Insurance usually does not cover IVF treatment costs. Therefore, planning your finances in advance and thoroughly researching available options is the best way forward.
FAQs
1. How Much Does IVF Cost?
IVF costs range from $11,000 to $15,000 per cycle. Additional costs may apply depending on individual treatment plans.
2. How Much Does Artificial Insemination Cost?
Artificial insemination costs between $500 and $4,000. The price can vary based on location and specific medical needs.
3. How Much Is IVF With Insurance?
The cost of IVF with insurance varies widely depending on the coverage. Out-of-pocket expenses can still be significant.
4. What Is IVF Cost Dallas?
The cost of IVF in Dallas is between $12,500 and $15,000 per cycle. Prices can vary based on the clinic and specific services required.
5. What Is IVF Cost Chicago?
The cost of IVF in Chicago is between $12,500 and $15,000 per cycle. Make sure to check with local clinics for exact pricing.
6. What Is IVF Cost NYC?
The cost of IVF in NYC is between $12,000 and $15,000 per cycle. Costs may vary depending on the clinic and individual treatment needs.
7. What Is IVF Cost Houston?
The cost of IVF in Houston is between $12,000 and $15,000 per cycle. Prices can vary based on specific medical services.
8. What Is a Mock Transfer IVF?
A mock transfer in IVF is a practice run of the embryo transfer procedure. It helps ensure the actual transfer goes smoothly.
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