What is the Cost of Cord Blood Collection?
There is no other experience in life that compares to the birth of a baby. Even though bringing a baby into the world can be quite expensive, the cost is no comparison to how much joy that baby will bring.
When you find out you are pregnant it can be the best news you have ever had and you spend the next few months in anticipation of the arrival of your baby. You will want to give your baby the best in life and have probably done lots of reading about caring for your baby. You may have even seen brochures about storing baby’s cord blood and think this would be a good thing to do but you might be worried about the cost of cord blood collection.
cord blood banking cost
Storing your baby’s cord blood could possibly save your child’s life in the future if at any point they develop a blood related disease. You know how important storing cord blood is so you can give your baby the best treatment option should the need arise for him to ever need it.
If a child, at any point in their life, develops an illness that is blood related their best chance of fighting that illness is cord blood. If the child is to receive blood cells from a family member or even a complete stranger there is a chance their body could reject it.
If you store your baby’s cord blood then he will have it there ready for use at any time and he won’t need to worry about any issues with his body rejected the blood. When you look at the huge benefit of storing cord blood, the cost of cord blood collection really isn’t that high in comparison.
The process of collecting the cord blood is very fast and is collected within ten to fifteen minutes after the birth of the child. It is a very simple and painless procedure to collect the blood from the cord. A syringe is used to withdraw the blood from the cord and it is then labelled and sent to a cord blood bank.
You will need to pay a fee to sign up and become part of the private cord bank. There are annual storage fees involved and the first fee is required up front along with the fee for collecting the blood.
The cost of storing cord blood starts at around $1,000 up front and some facilities will then charge an annual fee of around $100 to store the blood long term.
While $100 seems a lot, when you break it down it works out at around $8 a month which really is a small price to pay for the future well being of your child. As a parent, I’m sure you wouldn’t mind spending around $2 a week to help protect your child in the future.
Even the $1,000 is not a lot of money compared to your child’s health, so really the cost of cord blood collection and storage isn’t very much when it can possibly save your child’s life. There are a number of cord banks for storing your baby’s cord blood and you can do your research through the American Association of Blood Banks to find a bank with the right credentials.
