By Sharon LaMothe.
Short of trading your husbands’ soul for unlimited riches or having your wife contact Rumpelstiltskin, have you thought of every possible option to your Fertility Financing? Below are some ideas to consider or even revisit.
The very first thing that should be established are your income and expenses. List everything that MUST be paid in order to live (mortgage, utilities, food, gas, insurance, car payments, other payments, etc.) Anything else needs to be cut, such as entertainment, personal travel, vacations, restaurants and unnecessary spending. Put this ’found’ money in the bank.
The next step is comparing what might be offered internationally and domestically regarding IVF. Don’t forget to factor in all travel costs no matter where you choose to go. This will also help you set your financial goals.
Have you reviewed your health insurance lately? It can change yearly if not quarterly and cover some of the costs of IVF. (Especially domestically)
Let’s not forget tax refunds. This is something that can be direct deposited into your waiting bank account before you are tempted to spend it elsewhere!
Look at your toys – your snowmobile, motorcycle, vacation home, boat, motor home, or anything else that you don’t need to live. Ask yourself, can any of these items be sold? If not sold, why not rent them out? Let your ‘toys’ make your dreams of having a family come true!
Do you own a timeshare? If you do, consider either selling it or renting out your weeks. This extra money can go right to your IVF fund. Do your parents or other family members have a time share? Then ask them to rent out their weeks for the next year to benefit your IVF fund. You will be surprised at how much income can be generated this way.
Speaking of family members, approach your parents. They want to see you happy. They want to be grandparents. Maybe they can help you financially, and if you show them that you are making changes to your lifestyle, then they may be even more eager to assist you!
Have you looked into some of the fertility grants or financial aid that is available? You may not be eligible for each and every grant, but researching all the possibilities and filling out the applications can bring you funds that will help you reach your financial goals. You may want to look into some of the following financial aid programs:
Maverick’s Miracle Babies Foundation, Inc.
Maverick’s Miracle Babies Foundation, Inc.Founded in Austin, TX, their Maverick’s Miracle Babies Procreation Grants are made up of public donations and are awarded 4 times a year to qualifying local Texas families. Procreation Grants are up to $20,000 and are to be used for medical costs surrounding IUI and IVF procedures.
Fertile Action helps women touched by cancer become mothers through education, advocacy and financial aid for fertility preservation, sperm donation, egg donation, surrogacy and long-term storage of sperm, oocytes, and embryos.
Bringing U Maternal Paternal Success (B.U.M.P.S.) is a non-profit organization in Florida that assists couples who have difficulty conceiving by providing grants for them to receive fertility treatments.
The Cade Foundation
The Cade Foundation has helped couples by providing grants to those struggling with infertility. The grant, which has a limit of $10,000 per family, helps couples pay for costs associated with fertility treatments or domestic adoption.
INCIID IVF Scholarships
The InterNational Council on Infertility Information Dissemination offers a national scholarship program designed to help couples who cannot afford IVF fertility treatments on their own. With this program, fertility doctors from respected fertility clinics from across the United States donate their state-of-the art facilities and services to needy couples. The program covers most of the basic IVF costs.
The Sharing Hope Financial Assistance Program
As part of the Fertile Hope organization, the Sharing Hope Financial Assistance Program provides fertility preservation assistance to couples whose fertility may be affected by treatments for cancer. The program offers assistance through sperm banking and egg and embryo freezing.
The program doesn’t provide grants to the patients, but instead works with companies and clinics to provide discounted services and donated medications for male and female cancer patients.
Some other ideas that you might want to consider are:
*Taking a second mortgage out on your home
*Taking a personal loan
*Dip into your 401K or other retirement accounts
*Find a clinic that has a financial assistance program
Some of these suggestions may not be the right avenue for you to take. Having a professional within the infertility community assist and guide you may be the best investment you can make.
Sharon LaMothe of LaMothe Surrogacy Consulting is dedicated to giving Intended Parents and Surrogates the education and tools needed to make knowledgeable and fact-based decisions regarding their Third Party Family Building Options. Contact information: LaMotheServices@aol.com or call 727-458-8333.