The Complete Guide To Cord Blood Banking: Pros, Cons, Costs And Basics

The Cost Of Cord Blood Banking

While storing cord blood with a public bank does not cost much, the same cannot be said for a private bank. Many of the private banks require a one-time fee, which covers the collection, processing, and administrative expenses associated with the process. A family can pay anywhere between $1300 and $2300 during the first year of cord blood banking. One will also be required to pay an annual fee, which usually ranges from $100 to $180. Some private banks offer financing options for pre-paid plans that include over twenty years of storage.

Public banks often pay for donated cord blood, with each unit costing up to $2500 in collection and processing fees. Most of these units are used for transplant patients and research purposes. Important things to consider when looking for a cord blood bank include the availability of a discount if paying upfront, additional discounts for those in the military as well as the cost of shipping cost.