How to pay for IVF with loans and grants – Forbes Advisor


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Complications of pregnancy can cause a lot of stress and anxiety, both emotionally and financially.

If your employer’s health insurance plan does not cover fertility treatments or if you do not have health insurance through your work, paying for in vitro fertilization (IVF) out of pocket can cost tens of thousands of dollars. And unless you have a healthy savings account, you’ll need to find a way to fund the cost.

Here are the best ways to pay for IVF.

Loans for IVF

Personal loans

Personal loans are one of the most common types of loans to use for IVF. If a lender approves you for a personal loan, they will transfer the money as a lump sum to your bank account. You can then use the funds to pay for the doctor’s or provider’s office. The money is often transferred within 24 hours to a week.

Personal loan interest rates vary depending on your credit score and the amount you borrow. The lowest rates are reserved for the most qualified borrowers, who typically have scores of at least 710. Applicants can also borrow between $ 5,000 and $ 50,000, with some lenders, like SoFi, offering loans up to. $ 100,000. Terms of office generally last between two and seven years.

Related: How to apply for a personal loan

Home equity loan

A home equity loan allows you to borrow against the equity in your home. Borrowers typically need 10-20% equity to qualify, and you can typically borrow up to 85% of that equity. The terms are between five and 30 years; the longer the term, the lower the monthly payment.

Interest rates on home equity loans can be lower than personal loans because the bank uses the house as collateral, something of value that you can pledge to secure a loan and reduce the risk you do. run to the lender. It also means that if you default you could lose the house if the bank forecloses on it.

Borrowers who do not qualify for a low interest personal loan can save money with a home equity loan. Interest paid on a home equity loan is not tax deductible if you use it for fertility treatments.

Zero interest credit card

Some credit card providers offer an annual percentage rate (APR) of 0% on purchases for a limited time, usually between 12 and 24 months. During this time, you can keep a balance on the card without accumulating interest as long as you make the minimum payments. However, if you don’t pay off the balance before the offer expires, a regular Annual Percentage Rate (APR) will go into effect and you will start earning interest.

This option is best for consumers who can pay off debt during the introductory period. Otherwise, a personal loan or home equity loan may be preferable.

IVF grants

Nest Egg Foundation

The Nest Egg Foundation offers grants of up to $ 10,000 for those who cannot afford IVF treatment. Only residents of Connecticut or New York are eligible. The income limit is $ 85,000 for individuals and $ 140,000 for couples. There are also certain clinical eligibility requirements that individuals or couples must meet.

The grant cycle is currently closed but will reopen in 2022.

Compassionate program

IVF treatment includes injections of hormones that can empty a consumer’s wallet. The Compassionate Program offers 25%, 50% or 75% off certain fertility drugs. Participants must meet certain income conditions. They must also have a valid prescription for these injections.

Baby Quest Foundation

The Baby Quest Foundation provides grants for the costs of IVF, egg donation and other fertility treatments twice a year. The dollar amount awarded depends on the couple, the amount available and other factors.

There is an application fee of $ 50. Applicants must be permanent residents or US citizens.

The Tinina Q. Cade Foundation

The Tinina Q. Cade Foundation Family Strengthening Grant provides up to $ 10,000 to families who cannot afford fertility treatments like IVF or options like national adoption.

Grants are distributed twice a year. Recipients must be US citizens or permanent residents.

Hope for fertility

Hope for Fertility offers grants between $ 250 and $ 5,000. There is an application fee of $ 50, which may be tax deductible. Couples must be legally married to qualify and be citizens or lawful permanent residents. They must also have been diagnosed with infertility by a doctor.

Alternatives to loans and grants

IVF payment plan

Fertility clinics may offer payment plans directly through their office or through a third-party provider. Interest charges may be associated with this option, depending on their policy.

Deadlines are generally short, between six and 24 months, and there may be a down payment requirement. Contact your doctor’s office to see if they offer any payment plans. If this is the case, find out about the administrative or original costs, the duration and the down payment conditions.

Health savings accounts (HSA)

A health savings account (HSA) is a special savings account designed for people with a high deductible health plan. Call your plan provider or log into your health insurance account to see if your plan is eligible for the HSA.

Consumers can contribute money to an HSA and deduct the contributions from their taxes. Then, they can use those funds tax-free for qualifying medical expenses. IVF costs are qualified medical expenses and are eligible for reimbursement from the HSA.


Couples can use sites like GoFundMe to outsource their IVF costs. There is no limit on the amount of money you can request, and there are no penalties if you don’t reach your goal. If you only get $ 1,000 off your $ 10,000 goal, for example, you can still keep the $ 1,000. The recipient also does not have to pay any fees to access their money; all fees are paid by donors.

You can also accept donations through your personal PayPal email address or Venmo username. With PayPal, there is no charge if the recipient uses the “send to family and friends” option. Facebook also allows users to receive free money from their friends.

Crowdsourcing works best for couples who want to share their story with their social circle. If you feel uncomfortable posting details about your infertility on the internet, this option probably won’t work for you.

If you are comfortable, share as many details as possible to increase your donations. Talk about other avenues you’ve explored and why you’re relying on crowdsourcing.

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