How to Get Infertility Financing Help

Treatment of infertility can be very expensive, in terms of the amount of money spent as well as the emotional costs. Some couples end up spending their life savings in order to have a baby. Others simply cannot afford infertility treatments without help. Many fertility clinics have several financing options available to their patients. If you need help financing your fertility treatments, ask the business manager at your doctor's office for information.

Instructions

Difficulty: Moderately Easy

Things You’ll Need:

• Health insurance contract
• Loan applications

1. Read your health insurance benefits contract to determine what infertility treatments will be covered through insurance. Some states are mandated to cover certain procedures. If your state will pay for some of the treatment, this will help you considerably.
2. Start putting some money away out of every paycheck if you see infertility problems on the horizon. Get together as large a nest egg as you can before starting treatments.
3. Take out a home-equity loan if you own your house. You can get the cash needed for your infertility treatments by borrowing against some of the equity you have built up in your home.
4. Ask your doctor whether there are any clinical trials for which you may qualify. When an organization is studying aspects of fertility, they put out a call for volunteers. The trial volunteers will often get free medicines or treatments in return for participating in the research.
5. Find a doctor or fertility clinic that has a money-back guarantee plan for in-vitro fertilization (IVF). You pay for 3 to 4 IVF cycles up front and if at the end of the specified number of cycles, you do not have a healthy live birth, your money is refunded.
6. Discuss financing options with the business manager at your doctor's office. There are several loan plans backed by major financial companies that are designed for infertility patients going through IVF treatment. They offer low monthly payments and a low interest rate, allowing you to ease some of the financial burden.

Tips & Warnings

• Before starting infertility treatments, have a conversation with your partner about just how much debt you are prepared to incur in order to have a baby. Infertility is stressful enough on a marriage. Adding financial worries to the mix may be too much emotion for anyone to handle.
• Some of the loans designed for IVF patients are strictly based on need. You will not be approved for the loan if your insurance will cover the treatment or if you prove to have enough savings for it. Make sure you qualify for it before going through the hassle of applying.