Cord blood banking is the process of storing umbilical cord blood and tissue after childbirth. This blood is rich in stem cells, which can be used to treat a variety of diseases, including leukemia, lymphoma, and sickle cell disease.
The cost of cord blood banking varies depending on the company you choose and the type of service you select. However, in general, you can expect to pay between $1,350 and $2,350 for the initial collection and processing fees. You will also need to pay an annual storage fee, which ranges from $100 to $175.
There are two types of cord blood banking: public and private. Public cord blood banks are free to use, but the chances of your child’s cord blood being a match for a recipient are very slim. Private cord blood banks are more expensive, but they offer a higher chance of your child’s cord blood being a match for a recipient.
If you are considering cord blood banking, it is important to weigh the costs and benefits carefully. You should also talk to your doctor to see if cord blood banking is right for your family.
Here is a table of the average cost of cord blood banking in the United States:
|Initial collection and processing fees||$1,350 – $2,350|
|Annual storage fee||$100 – $175|
|Total cost (20 years)||$3,700 – $5,500|
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Factors that affect the cost of cord blood banking:
- The company you choose: The cost of cord blood banking varies from company to company. Some companies offer more comprehensive services than others, which can drive up the cost.
- The type of service you select: You can choose to have your cord blood stored for a specific period of time, or you can have it stored indefinitely. The cost of indefinite storage is higher than the cost of limited-term storage.
- The location of the bank: The cost of cord blood banking can also vary depending on the location of the bank. Banks located in major metropolitan areas tend to be more expensive than banks located in rural areas.
Tips for saving money on cord blood banking:
- Compare prices from different companies: Before you choose a cord blood bank, be sure to compare prices from different companies. You can use an online comparison tool to make this process easier.
- Ask about discounts: Many cord blood banks offer discounts for military families, students, and members of certain organizations. Be sure to ask about any discounts that may be available to you.
- Consider public cord blood banking: Public cord blood banks are free to use, but the chances of your child’s cord blood being a match for a recipient are very slim. If you are willing to take this risk, public cord blood banking can save you a significant amount of money.
The cost of cord blood banking is a significant factor to consider when making a decision about whether or not to bank your child’s cord blood. However, there are a number of ways to save money on cord blood banking, such as comparing prices from different companies and asking about discounts. If you are considering cord blood banking, be sure to weigh the costs and benefits carefully before making a decision.