Cost of Cord Blood Banking
Cord blood banking cost usually has two distinct fees. The first fee is for the intial deposit, which includes enrollment, collection of the umbillical cord blood, and storage. This initial cost usually ranges anywhere from $900 to $2100 and up.
The second cost for cord blood banking is an annual fee, usually in the $100 range. This cost will vary from cord blood bank to cord blood bank, but generally the fee hovers around $100 or so.
While the cost for cord blood banking may seem expensive, many cord blood storage banks will offer initial discounts, prepaid plans, or even payment plans in order to accomodate parents. This allows for easier financial management when parents decide to save their baby’s cord blood.
The American Association of Blood Banks has accredited several cord blood banks. These banks can be researched online, and most offer private cord blood banking. It is important to research several cord blood banks before reaching a decision. Make sure to to find out what works best financially, and what services the cord blood bank has to offer that meets individual parent needs.
Additional Cord Blood Banking Costs
Several cord blood banks are now offering a service to save the umbilical cord tissue, in addition to the cord blood itself. Saving the tissue of the umbilical cord allows for the preservation of a very unique type of stem cell.
The cost of this service is usually discounted when combined with cord blood banking, usually ranging in the $500 to $1000 range. However, banking cord tissue by itself, without the cord blood, can be $1000 or more.
