There are usually two fees that are involved in cord blood banking cost:
The first one is an initial fee that covers enrollment, collections, and storage at least in the first year.
The second is the annual storage fee. Some facilities vary the initial fee based upon the length of a predetermined period of storage.
Have you ever wondered how much it costs to freeze your baby’s umbilical cord?
In this article, we are going to give you a small orientation. Once you have decided that you want to keep your newborn’s umbilical cord, it is very important to choose the umbilical cord blood bank with which you are going to contract this service.
How much does cord blood banking cost?
One of the key aspects is considered when making this decision, although not the most important one is the price of the services that we are going to hire.
There are several companies dedicated to freezing the umbilical cord, its blood, and even its tissues, and each offers discounts, promotions and special offers that may be attractive.
In general terms, the average price you can get to freeze your baby’s umbilical cord is almost $1000 to $3000 that is depending on how long you want your baby’s cord. These are just some examples of companies that are committed to preserving the stem cells of your baby’s umbilical cord:
A new trend in the industry is for banks to offer a single all-inclusive price for 20 years of storage. But In the long process, you have to pay less expensive than the conventional cost system with annual storage fees.
Here are some things to keep in mind while weighing financial considerations:
–A few banks give discounts when you are able to prepay storage for longer periods like 10, or 20 years etc cord blood banking cost
–A few banks add medical dispatch transporting in their base cost; with others, it’s an extra.
–A few banks provide discounts for the families that bank in excess of one kids’ cord blood. It’s additionally basic to offer rebates to specialists on call and military families.
The genuine cost is quite often lower than the official cost; the fact is that in any given week a lot of the banks are running some kind of discounts, special offers and limited time.
How is cord blood stored?
The blood is collected practically in the same way as when it is a donation and is transported to the facilities of the private bank where it is studied, analyzed and stored in containers of liquid nitrogen until the sample is required for a transplant or to the son himself or to a relational receiver.
How much does it cost to store umbilical cord blood?
The contracting and extraction has an approximate cost of $1000, while the storage costs something less than $100 a year.
Where is it kept?
You have two options:
– there are public umbilical cord blood banks (SCU) that collect, process and store SCU units for their eventual universal use (in patients not related to the donor). Our country, second country in an absolute number of stored units (*), has six public banks.
– On the other hand, there are private banks that also carry out the process of collection, transport, analysis, processing, cryopreservation of the SCU together with an exclusive autologous or directed service, by which that blood sample is available only to you and your family.
How much does it cost to freeze stem cells?
The donation to a bank of blood and tissues of a public nature is disinterested: it will not involve any cost but the preserved sample will be owned by the public bank.
The price of a private bank ranges between 1000 and 3,000 dollars per extraction, which must be added an annual maintenance of about $100. In this case, the sample is the property of the parents until the age of majority of the child (moment in which it happens to be his) and for that reason, nobody can have it.
For a period of 20 years, its approximate cost is 1,500 and 3,000 euros, quantities that can be divided into two parts.
The first would be between 400 and 800 euros, which includes the collection kit, blood transport, and preliminary analysis.
Regarding the second, what the rest of the payment means, corresponds to the processing of the blood, complementary studies and storage during the established time.
Also, there would be no annual maintenance costs or, if so, the amount would be low. On the other hand, after 20 years can renew the agreement for the same amount, although this depends on the institution that provides the service.
At last, we don’t prescribe putting your line blood more than 20 years. The cord blood banking cost is decreasing. As the technology starts progressing, the price of line blood is reducing.