The topic of IVF loans doesn’t come up often, which is surprising considering that according to the CDC, there are 6.7 million people in the U.S. who are suffering from infertility. Most of these people will end up seeking fertility treatment in an attempt to become pregnant. In doing so, many people are shocked to discover that are they infertile, but that In Vitro Fertilization, the most drastic solution, is the recommended course of fertility treatment. Most of the time, the diagnosis happens so fast that people never consider the other potential implications an infertility diagnosis means.
IVF Loans Start Where Medical Insurance Stops
One aspect of fertility treatment that most people don’t consider until they are in need of it is the financial aspect. Most people assume that since they have a medical need for IVF, their medical insurance will cover the treatment. They fail to realize that frequently the cost of IVF treatments aren’t covered by insurance at all. Some people will not be delayed by this news, as they already have the funds available to pay for IVF, and can simply pay for it up front. Most people, however, did not anticipate needing to pay thousands of dollars for infertility treatment and do not have the funds readily available. These people will need to pursue financing options, like a fertility loan, in order to go through the In Vitro Fertilization treatment. Here are some common choices to explore before paying for IVF.
Financial counselors at the fertility treatment clinic will have reasonable options available for consideration. Since these counselors specialize in this matter they can surely provide some great options that would work for most fertility patients, such as a payment plan.
Home Equity Loans
If you have some property or own your home and have enough equity on it, you can try refinancing your mortgage or taking out a second mortgage. Although banks won’t loan money specifically for an IVF treatment, they will lend against real property. This however is very risky, because you risk losing your home if you can’t afford to make payments on time.
There are grants whose purpose is paying for IVF treatments. There are limitations and restrictions for each, so research which programs are available and whether you may or may not qualify. Our IVF 4 Everyone program provides a list of current IVF grants and their qualifications to its members.
There are ways to get a loan specifically to pay for In Vitro Fertilization. A loan for IVF is ideal because it allows you to move forward with IVF and pay for it over time without risking your home. Our IVF 4 Everyone program provides competitive lending options and exclusive tips for increasing approval application.
Your Next Step
Take the first step in the IVF 4 Everyone program. Click here to get started.