Affordable Cord Blood Banking: Exploring Financing Options and Payment Plans


Cord blood banking is becoming a popular choice for many expecting parents as they want to ensure their own child’s well-being and health.

Thus, if you are a would-be parent, a primary consideration you need is the cost of cord blood banking. 

In this article, you will discover the financing options and payment plans for affordable cord blood banking. 

What Is Cord Blood Banking?

Cord blood banking is a groundbreaking practice that includes storing and collecting blood from an infant’s umbilical cord right after birth. 

Thus, this blood is rich within the stem cells and has a remarkable chance to develop into different types of cells in the body. 

On the other hand, the cord blood stem is particularly valuable because it can be used to treat a wide range of medical conditions. Hence, you can treat certain blood disorders and immune system deficiencies. 

Moreover, the procedure for cord blood banking is initiated by collecting the cord blood soon after delivery.

Factors Influencing Cost

Here is a list of factors contributing to the overall cost of cord blood. 

1. Storage Duration 

The storage duration is one of the primary decisions for the parent before storing the cord blood stem.

Thus, if you are about to be a parent for the first time, you can research different banks and the facilities that they offer.

Some multiple plans and options extend up to a lifetime. Therefore, each duration has its own set of benefits, thereby aligning with different budgets and personal preferences.

Furthermore, you have the option of preserving it for 18 to 15 years or opting for a lifetime storage plan.

2. Type Of Bank

One of the initial decisions you can make is the type of bank you want to store the cord blood. You can opt for a public or private bank.

Thus, each bank has benefits and considerations, with cost being a significant factor in decision-making.

However, in private cord blood banks, you can access the personal reserve system of stem cells if you have a requirement.

On the other hand, public cord blood banking units intend to make cord blood available for anyone who needs a stem transplant.

3. Cost Consideration

The annual storage of cord blood banking is estimated at up to $150 yearly. If you opt for cod blood and tissue, then it would cost you $280 each year. Thus, this is for a 15 to 20 year period.

Similarly, if you opt for a lifetime plan, the annual charge can increase to $300 to $400 each year.

Processing Fee

With cord blood banking, the processing fee is integral to the overall cost structure.

So, understanding what processing entails and why, as a parent, you are charged such a fee is fundamental to appreciating the value it brings to securing a child’s cell for potential future use.

Therefore, processing is a vital step in cord blood banking. This includes separating and isolating stem cells from the collected cord blood.

However, this intricate process ensures the stored stems are of the highest quality. In addition, it is also viable for potential medical use.

Hence, the aim is to make a concentrated and pure stem cell sample that can be preserved for a long time without compromising the therapeutic chance.

Processing Fee And Other Charges

The decision within the automatic and manual processing will depend on the factors such as:

  • Specific goals of the cord blood bank.
  • Desired level of customization.
  • Scale of operation.

Thus, both methods can produce high-quality stem cells. Besides, the choice reflects the bank’s commitment to ensuring the best possible outcome for the families.

Therefore, the average cost of banking can vary. However, at certain banks like AlphaCord the fee ranges from $850 to $1600 for initial processing. It will also cost $150 to $400 each year for any type of stored stem cell.

There is also the facility to make one-time payments and monthly installments and align with any financial company to render long-term financial solutions.

In addition, there are certain extra charges where you might need to pay for:

  • Collection kit cost.
  • Handling charge.
  • Shipping fee.

Wrapping Up

You need to understand the ins and outs of cord blood banking. It includes the associated cost, which allows the parent to conclude the well-being and health of their growing families.

However, the processing fee is a major investment. It might act as insurance for your child and safeguard their future against suffering any health crisis.

To know more, conduct thorough research and contact the cord blood bank today.

Read more: Farm to Table: The Rise of Local Food Movements and Sustainable Eating

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