Surrogacy is not only a complicated and emotional journey for intended parents but also an expensive one. It is important for the intended parents to choose the correct surrogacy agency to get the right guidance on not only the treatment but also on the finance.
Apart from selecting the correct IVF group, we have made a list of 10 tips for you to save on your surrogacy program. This blog is for all those aspiring parents who want to go for their surrogacy program. Bookmark this page as a note of your research. We understand the depth of research you are on for your surrogacy program. These points will assure you about your finances and you can hold your baby in your arms without losing much of your penny.
- Read Your Health Insurance Properly And Find Out Things It Covers
You can talk to your surrogacy service provider and request them to provide you with gestational carrier insurance do not exclude surrogacy. As a matter of fact, many insurance companies do not include surrogacy and it’s concerning issues in their policy. However, you will get some plans that allow some parts of the pregnancy to be covered. You can definitely use all those sections of permissible coverage. The surrogacy agency can be the best party to read this for you. They can literally read between the lines and get things into your favor as much as possible. It can be a little complicated for you to understand the policy and understand the sections that might be helpful in your surrogacy program. Deputed consultants of the IVF center are the best people to professionally handle this and help you save on your bills.
- Utilizing The Insurance Coverage To The Fullest
Blood tests and medical screenings are mostly covered by medical insurances. This not only applies to the policyholder but for the surrogate as well. Medications used in fertility treatments are also used otherwise and are sometimes covered by the insurance policies. You just have to request your medical consultant to prescribe you more of those to cover them in the insurance policy itself.
- Avail Cash Discounts
You can save up to say 30% at the IVF clinic itself by availing cash discounts. You can always ask for such concessions on your pharmacy bills and other laboratory tests. There is no harm in negotiating with the expenditure and cutting down on heavy expenses.
- Using the Employer’s Health Savings Account
A flexible Health Savings Account offered by most employers allows intended parents to set aside pre-tax dollars and make payments for eligible medical expenses only. You can use that money to cover a few things included in your In Vitro Fertilization (IVF) costs. If not all, there probably will be some flexibility with some of the expenses.
- Deducting Expenses From Taxes
You can deduct IVF related expenditure as per your tax bracket. In this case, you have to consult a professional tax expert to get exact details related to your program. You should keep all your receipts intact with you and use them to contribute to your expenditure and gain tax benefits from them. There are various websites that also sheds lights on how to save on the taxes after you have had a surrogacy program. Financial consultants of the IVF centers also assist in finding a number of ways on Deducting Expenses from taxes.
- Discount On IVF Medication Programs
Many IVF agencies have Patient assistance programs particularly designed to save on fertility medications. This is for the low-income eligible people intended to pursue a surrogacy program. Intended parents with financial needs can qualify themselves to avail a discount of up to 70% once they show their valid prescriptions. The self-pay price of fertility can thus be lowered. They can also avail mail-in rebate for each money-off prescription and save on their expenses. Such programs can be used more than once by an eligible intended parent in a year. There is plenty of discount medication programs designed for Intended Parents to save on their surrogacy cost. The details, however, vary according to each program.
- Compare Various Pharmacies For Purchasing Medications
Medication prices vary from one pharmacy to the other. Charges are different at different pharmacies. In case you are an intended parent without an insurance scheme to cover your pharmaceutical bills, you should consider comparing various pharmacies before purchasing medications. You can get good discounts if you buy medicines in bulks. You should follow the same pharmacy to avail regular discounts from them. Medical stores offer more discount on their medicine retail prices for their regular customers. You can become one of their regular customers and avail discounts on medicines.
- IVF Grants
You can avail yourself many grants those are available in various places to assist in the cost of surrogacy. Of course, the processes will be lengthy and complex, but there is no harm in trying for one. At the end of the day, these grants are for the common public only and you can genuinely get one based on the eligibility criteria.
- Choosing Your IVF Clinic Correcting
The cost of surrogacy varies dramatically between IVF clinics. You have to research a little more and get best prices from a few of them. Once you communicate with the shortlisted centers and request for their quotations, you come to a position of comparing them and select the best suited amongst them. You can visit the ones that are nearby and see the set up there. Many IVF agencies offer tourism programs along with their surrogacy. This would cost you a little less as you get a chance to remain in the particular country at their expenses.
- Going For A “Natural Cycle” Or Frozen Embryo Transfer
Intended Parents going for a frozen embryo transfer can effectively choose to go for a natural cycle method to cut down on their medications. This not only makes the process less complicated but also reduces the cost. There are a few clinics that offer this option to its patients.