The cost of cord blood banking explained in plain and simple terms.
Selecting a cord blood bank can be a daunting task. There are so many options, add-ons, and offers out there that it can be difficult to understand the true cost of cord blood banking. Are you choosing a reputable cord blood bank? Are you choosing the right package? Are you getting a good deal? We’re going to take a look at what you need to think about when choosing a cord blood bank and also take a look at what you should expect to pay and what you need to watch out for to make sure you don’t get bamboozled into paying more than you need to!
Types of Cord Blood Banking
There are two types of cord blood banking: public donation of cord blood and private cord blood banking. Public cord blood banks attempt to provide individuals in need with matched cord blood from donated samples. Private cord blood banks store a family’s own cord blood stem cells for future use by the family. While there is no cost to publicly donate cord blood, private cord blood banking is typically what most expectant parents are looking for because it provides protection and security for your children and family.
Average Costs of Cord Blood Banking
Cord blood banks typically require a one-time payment which can be around $1,200 - $1,900 for cord blood storage only or a payment of $2,000 - $3,000 for cord blood and cord tissue banking. You can also expect to pay an annual storage fee ranging from about $125 - $180/year for cord blood only and $225 - $360/year for cord blood and cord tissue, unless you choose a prepaid storage plan.
Prepaid storage plan options allow you to pay for many years of storage in advance. By doing so you will receive a discount on the storage fees and you won’t have to pay an annual storage fee.
Payment Plan Options for Cord Blood Banking
There are payment options available to help make cord blood banking more attainable for expectant parents. Read our article on cord blood banking payment plans (https://miraclecord.com/news/blogs/cord-blood-banking-payment-plans/) for more information.
Hidden Costs of Cord Blood Banking
When choosing a cord blood bank, it is important to be certain you have surfaced all of the hidden costs and fees. Often, the price you see in advertisements isn’t the true price. It may not include additional charges and fees for express/overnight shipping, medical courier transport, multi-chamber cryo-bags, etc., and these items alone can result in $300-$400 in additional unexpected costs. By doing your homework to determine these costs up front, you can compare cord blood banks on an apples to apples basis to make sure you’re getting the best value.
Making the Right Choice
At MiracleCord, we offer the best value in the industry by providing the highest quality service with no hidden fees and an unbeatable low price guarantee. Contact us today to learn more about private cord blood banking with MiracleCord and find out how you can save!