Budgeting For Fertility
For many, starting a family is a lifelong dream. Yet, for some, it’s not as straightforward, especially financially. Fertility treatments, often essential, come with hefty costs and inconsistent insurance coverage. That’s where a compassionate financial advisor, experienced in navigating these challenges, can make a difference. At Willow, we’re committed to supporting your family goals, empowering you to make informed decisions with sensitivity and understanding.
Furthermore, in the US fertility treatments are often not covered by insurance. While some private insurance plans cover diagnostic services, there is very little coverage for treatment services such as IUI and IVF, which are more expensive.
Depending on the fertility plan you’ve chosen, you could be looking at spending between $30,000 to $60,000. That’s a whole lot of money to pay out of pocket. Here are some tips to help you get started on your fertility treatments:
Check if your employer offers fertility support or assistance: A lot of employers give financial support in fertility or adoption journeys. Look around in your company’s benefits portal or speak directly to your people manager about your upcoming financial obligations as well as any scheduling conflicts that might come up as you go through the process.
Start a fertility savings account: This should be a separate account that a part of your paycheck goes to every month. It’s important to be able to access this money quickly in case of an emergency, so it’s best to keep it liquid – or easily sellable. Here are some common places people keep their savings in short term investment accounts:
The statements and opinions made in this article are for general informational purposes only and are not intended to provide specific financial advice or recommendations for any individual or any specific security or investment product. The views and opinions reflected in this article are subject to change at any time without notice. For advice specific to you and your situation, please speak with your Financial Advisor.
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