IVF is a multi-step laboratory procedure that helps in the successful fertilization of an egg outside of the body, mimicking natural fertilization and encouraging a normal pregnancy and childbirth to occur.
The rate of success for one cycle of IVF varies, depending on the age of the female. The average IVF patient goes through two cycles of IVF, meaning the total cost of IVF is typically between $40,000 to $60,000. Here’s a more detailed breakdown of IVF costs, including procedures and medications.
The combination of procedure costs, medications, and multiple cycles can add up to be quite expensive. Here are three ways to manage IVF costs.
- 1. Check if your insurance covers fertility procedures
- It is important to speak to your insurance provider to discuss the specifications of your coverage as coverage for IVF costs varies greatly depending on company, state, and plan.
As of August 2020, 19 states have mandated fertility insurance laws with 13 of them including IVF coverage. Each state has different coverage, and depending on the company, an insurance plan may not be bound to fertility insurance laws.
The International Foundation of Employee Benefit Plans released results from a 2018 survey that found 31% of employers with 500 or more employees offer some form of fertility benefits.
- Apply to a fertility financing program
If your insurance does not fully cover the cost of IVF, there are other ways to reduce expenses. Many programs and non-profit organizations provide financial support options to those struggling with infertility.
Reproductive Medical Associates (RMA) has an extensive IVF program and fertility financing services that connect couples to a variety of different lending and payment plans. The National Infertility Association has also compiled a list of infertility financing programs.
Grants through non-profit organizations are another mode of financial support. Well-known non-profits in the infertility community include Parental Hope, BabyQuest, Cade Foundation, and Bundled Blessings. Receiving a grant is not guaranteed as there is an application process, but it doesn’t hurt to apply.
- Use coupons for fertility medications:
From birth control pills to follicle-stimulating hormones such as Follistim and Gonal-F, medications are a large part of the total cost of IVF.
The first step in saving money on medications is speaking to your insurance company or referring to your plan’s drug formulary to see if the medications are covered.
If they are not covered, there are still options to reduce drug costs, such as savings cards, coupons, and patient assistance programs. You can contact the drug manufacturers and ask about coupons or patient assistance programs or search for them online. For instance, the Compassionate Care Program by EMD Serono can save eligible patients up to 75% off Gonal-F.
SingleCare is a prescription savings card that also reduces the price of many IVF medications. See a full table of IVF medication coupons here.
Amanda Rondez
singlecare.com | rxsense.com
99 High Street, Suite 2800 | Boston, MA 02110
e: arondez@rxsense.com