| Many couples face paying for their in vitro fertilization | | | | mom during her maternity leave. Repaying a loan |
| treatments out-of-pocket. Health insurance plans that | | | | under these conditions is very hard - especially for a |
| cover in vitro fertilization procedures are uncommon | | | | couple finding it hard to save already. |
| and hard to find. So many couples look hard at | | | | Saving Money Takes Time |
| various financing options: loans, savings, and cutting | | | | Other couples look to save money over time rather |
| costs. Supplemental insurance offers the safest | | | | than take on debt just before losing income and |
| alternative and provides the best return. | | | | increasing costs. Many of these couples may have |
| When looking at ways to pay your IVF costs you | | | | married later in life and are rapidly approaching an age |
| can dip into savings, take a loan, and begin cutting | | | | where child bearing in no longer realistic or safe. They |
| costs. Supplemental insurance complements each | | | | may not have the luxury of time to save up, and |
| alternative. | | | | today's interest rates are very small. |
| IVF Depletes Savings | | | | Supplemental insurance provides a safety net that |
| An average in vitro fertilization cycle costs between | | | | helps in all three scenarios. It pays cash benefits |
| $10,000 and $15,000. Couples who have built up a | | | | directly to the insured when they deliver their baby. |
| nest egg and have enough cash readily available are | | | | Plus, it may pay additional benefits in case of |
| on the safest ground. But IVF does not work every | | | | pregnancy complications, and multiple births that are |
| time. A couple can quickly exhaust savings just trying | | | | born premature. |
| to get pregnant. | | | | Couples with savings can be more aggressive with |
| Loans are Hard to Repay | | | | their nest eggs, those taking out loans can solve their |
| Most families are living check to check and have little | | | | income dilemma, and older couples can start more |
| in savings, but they may have equity in their home, | | | | quickly with financing knowing that their downside it |
| or they may qualify for financing. A loan allows a | | | | now covered. Rather than getting a measly 5% |
| couple to have the upfront cash needed to begin | | | | return on your money, supplemental insurance can |
| their treatments. But IVF often does work, which | | | | return 300% for normal delivery - when the timing is |
| means increased expenses for feeding, clothing and | | | | right. |
| raising a newborn coupled with lost income from | | | | |