There was a good informational article in Time’s Healthland today about paying for the cost of fertility treatments. The figure quoted in the article for the average cost of IVF was a little over $8,000 and didn’t even include the cost of medications., in many cases this can end up being between $12K-$15K. I don’t know about you, but that’s a sizeable amount to save, not to mention that many couples end up having to do IVF more than once to have a successful cycle. (Let’s leave out the part of the emotional cost and those horrid bruises from all the injections).
Currently, only 15 states have mandated infertility coverage. Even the coverage in these states has very explicit details about what they will cover, timeframe, diagnosis and then there are caps to the coverage, although it is still some financial relief to those trying to conceive. If you do not happen to live in one of these 15 states there may be other options available to you listed in the article here, http://ti.me/MF4o0C.
While options are still limited today (?Why?) , there are some alternatives to loans, although everyone should decide what will work best for them based on their financial position. The RESOLVE organization has some helpful information on different types of insurance companies and what basic coverage does/does not cover in general. http://www.resolve.org/family-building-options/insurance_coverage/health-insurance-101.html. Make sure to check out their pages on how to get involved!