Payment Plans to Cover Cord Blood Banking Costs
Saving your baby’s umbilical cord blood can be a life-saving decision but it can also be an expensive one. One of the most common questions we are asked here at MiracleCord is whether there are payment plans to cover the cost of cord blood banking or not? Many expecting parents recognize the incredible benefits of cord blood banking, but too often they’re deterred by the costs.
The short answer is yes, there are a number of ways to pay for cord blood banking. In most cases, cord blood banks require a one-time payment which can be around $1,200-$1,500 for cord blood storage only or $2,000 - $3,000 for cord blood and cord tissue and then charge an annual storage fee ranging from about $100-$200/year for cord blood only and $200-$300/year for cord blood and cord tissue.
While these costs are pretty reasonable considering the level of service provided they can be prohibitive for many households, especially when coupled with the other costs associated with having a baby. To help combat this, MiracleCord offers a number of payment plans that will allow you to take advantage of our cord blood banking services while greatly minimizing the initial upfront, out-of-pocket expenses.
Payment Plans for Cord Blood Banking
We offer three primary types of storage plans: annual storage plans, 20-year storage plans, and lifetime storage plans. Our lifetime storage plans provide the best value overall, but regardless of what plan you choose you always get the same high quality, backed by our $100,000 guarantee, and AABB-accredited processing and storage.
The payment plan for our annual storage plan is $109/month the first year of cord blood storage and after that, there is just an annual fee of $125/year to cover the storage costs. If you want to upgrade and store the cord tissue as well the first year will be $173/month for 12 months and then the annual cost will be $225/year for storage. At either level, the cost is very reasonable and very manageable even on a tight budget.
If you have a bit more cash to work with you can save some money in the long-term by paying upfront for your storage costs. For example, our 20-year plans start at $228/month for 12 months for cord blood storage and $375/month for 12 months for cord blood and cord tissue storage. Once the 12 monthly payments have been paid, you are fully paid for 20 years of storage.
If you want to save even more our lifetime plan has 12 equal payments monthly payments of $457 for cord blood storage or $732 for cord blood and cord tissue storage and after making those 12 monthly payments your storage is fully paid for 70 years!
We feel strongly that cord blood banking is important. The advancements in the ability to use stem cells derived from cord blood to treat conditions like cancer and many other diseases over the past 10 years have been astounding and there is a tremendous amount of promising research happening right now covering a host of other conditions.
Our goal is to save as many lives as possible through the use of cord blood and the best way we can do that is to make cord blood banking affordable for every family and every baby.