Parents who are pondering on umbilical cord blood banking oftentimes ask about cord blood banking cost. Having your child’s cord blood preserved for possible use in the future can be considerably expensive and it is a highly advised to parents to evaluate the financial cost of storing their baby's cord blood. This is particularly true to those who consider having their baby's umbilical cord blood stored in private cord blood banking institutions with high cord blood banking cost.
Cord Blood Banking Cost: How Much?
Cord blood banking costs differ depending on whether you want your child’s umbilical cord blood stored in a private or public cord blood banking institution. Cord blood banking price in private cord blood banks is estimated to average at $2500 since parents have to pay for other miscellaneous fees other than the initial cost of collecting and storing a newborn’s umbilical cord blood. Viacord, for example, charges $1,920 for collecting and storing a newborn’s umbilical cord blood. This cord blood banking rate does not yet include the courier cost which will pay for the transportation of the baby’s cord blood from the hospital to the Viacord cord blood banking lab and the annual fee of $125 for the storage and preservation. The cost of cord blood banking at Viacord in the first year alone is therefore estimated to be at $2,195.CBS cord blood registry, another private cord blood banking institution has almost the same rate for their umbilical cord blood banking services.
Free Cord Blood Banking
Parents are charged free when they decide to donate their baby's umbilical cord blood to a public cord blood bank. Public cord blood banks generally shoulder all the cost of processing and preserving a child’s cord blood. Parents who decide to donate their baby’s cord blood to public cord blood institutions will not be able to use nor retrieve their baby’s cord blood in the future. Cord blood donation, however, may help other people who need a cord blood transplant.
Cord blood banking cost is among the things that parents should consider if they want to have their baby’s umbilical cord blood stored for future use. This is because of the considerable cord blood banking rates of private cord blood banking institutions. Those who opt to donate their child’s cord blood to public cord blood banks, however, may be spared from paying for cord blood banking but they may not be able to use their child’s stored cord blood in the future.