Fertility and Financial Wellness: Tips for Managing Costs

Navigating fertility care is challenging, and it can become even more stressful when you have to ensure your financial wellness throughout the entire process. Luckily, there are ways to manage the costs associated with fertility treatments so that you can concentrate on what matters most — growing your family.

As we advocate for quality fertility care during National Infertility Awareness Week® (NIAW), it’s essential to keep in mind the costs that these treatments can incur. Here are some tips for effectively managing your finances during this journey.

1. Create a Budget

Budgeting is a good habit to have, especially when it comes to fertility care. If you’re considering a treatment like in vitro fertilization (IVF) or intrauterine insemination (IUI), we recommend getting a cost estimate beforehand. Breaking down the monthly costs and comparing them to your income can help you make informed medical decisions. Fertility clinics have financial counselors who will help guide you through the process and suggest options.

2. Evaluate Your Spending Habits

We’re all guilty of buying things we don’t need simply because they look nice or are on sale. However, these purchases can quickly add up. One way to address this issue is to examine your bank statements from the last month and identify any areas where you can cut out unnecessary spending. By honestly assessing your shopping habits, you can save more money and allocate it towards your fertility care.

3. Review Your Insurance Options

In certain cases, health insurance can cover some fertility treatments, but many aspiring parents have to pay for their medical expenses themselves. Only a few states have laws in place regarding fertility care within their insurance codes. We recommend discussing your fertility coverage with your insurance provider to determine the details of your specific policy.

4. Work with a Multi-Cycle Package

As many as 70% of those undergoing fertility treatment need more than one cycle. Multi-cycle packages, like those offered by Bundl, offer flexibility that can help you manage fertility treatment costs. Bundl combines multiple fertility cycles into a single package at a discounted rate. Not only does this give you a better price, but it offers a safety net in case you need more than one cycle of treatment like IVF. Bundl’s newest offering is called “Bundl with Medications” and includes fertility medications in the cost of the program.

Manage Fertility Costs with Bundl

Managing fertility costs can be daunting. Fortunately, there are many ways to budget and save money by assessing your spending, speaking with your insurance provider, and partnering with Bundl. If you have questions about financing, you can speak with a Bundl expert today.