View Here : Cord Blood Banking Cost
The blood is sealed in a bag and sent to a lab or cord blood bank for testing and storage. The process only takes a few minutes and is painless for mother and baby .
Cord Blood & Cord Tissue Cord tissue is rich in another type of stem cell. Although there are no current uses, researchers are excited about the benefits cord tissue stem cells may offer in potential future users, such as regenerative medicine.
Quarter-million-dollar baby: The cost of raising kids. Private cord blood banking can be expensive. Depending on the bank, current promotions and whether you're storing cord blood, cord tissue or both, initial processing fees can run from roughly $500 to $2,500, with annual storage fees of $100 to $300 each year thereafter.
There is usually a one-time processing/preparation cord blood banking cost fee of around $2,000. First year fees on average can range anywhere from $500 to $2,000. There will be some kind of shipping charge, usually around $150. There is an annual storage cost of anywhere from $100-$200 depending on the company you choose.
Public cord blood banking is completely free (collecting, testing, processing, and storing), but private cord blood banking costs between $1,400 and $2,300 for collecting, testing, and registering, plus between $95 and $125 per year for storing.
Family cord blood banks charge a first-year processing fee that ranges from about $1,000 to $3,000, plus annual storage costs of about $90 to $175. The banks offer payment plans, ranging from no-interest installments paid over a few months to longer-term financing with interest.
There are 2 important things to remember about cord blood banking costs: Public banking is a donation that gives access to your baby’s stem cells to anyone who needs them. The cost of using publicly-sourced cord blood in a stem cell transplantation is significant, but because it is a medical procedure, it’s usually partly covered by health insurance.
* Disclaimer: Banking cord blood does not guarantee that treatment will work and only a doctor can determine when it can be used. Cord tissue stem cells are not approved for use in treatment, but research is ongoing.
CBR offers several options to help make cord blood banking affordable for every family: Monthly payment plans, including $55 per month for 48 months for cord blood banking. The CBR Gift Registry to which family and friends can contribute. Prepay and save.
If you are considering storing your baby’s cord blood, make sure to use a cord blood bank accredited by the American Association of Blood Banks (AABB), like Viacord. For information about cord blood banking you may call Viacord toll-free at 1-866-384-0476 .