How Much Does Cord Blood Banking Cost & Does It Really Worth? paprradmin September 6, 2014 Health&Fitness Umbilical cord blood banking is one of the emerging terms that gains popularity among the expecting parents. So if you have heard about cord blood banking and wondering how much does cord blood banking cost, continue to read on. In this post we have offered everything you need to know about the cost associated with the cord blood banking. What Is Cord Blood Banking And Why Is It Necessary? Cord blood banking is the procedure that collects and stores the cord blood found within the umbilical cord after the baby’s birth. Cord blood is rich in stem cells which in turn have the ability to transform into just any other human cell. Because of this fact, it could help to save your child some day in the future when it gets sick with the diseases that require stem cells transplants. Recent researchers have discovered that cord blood could be used in treating the illnesses which require stem cells transplants like aplastic anemia, combined immunodeficiencncy, sickle cell anemia and some types of lukemia. How Much Does Cord Blood Banking Cost? Currently there are 2 kinds of banks deal with the cord blood banking. They collect and preserve the cord blood of new born by utilizing the external facilities. Normally the private cord blood banks charge processing fee for first year in the range about $1,400 to $2,300. After the initial period, you will be required to pay the maintenance fee in the range from $115 to $150. Almost all cord blood banks offer wide range of financial payment plans ranging from Zero interest short term financing to interest bearing long term installments. Apart from offering the annual packages, nowadays cord blood banks offer 10 years and 20 years of single all inclusive packages.These all inclusive packages are designed to be less expensive when compared to regular annual storage fees. There are some of the worth noting key points while weighing the payment options for cold blood banking. Banks offer significant discounts on the long term like 10 years and 20 years of all inclusive packages. Few blood banks cover up the medical courier shipping prices in the base price. They don’t charge individually while in others it comes as add on fee. When you buy the package for more than one child in your family from the same cord blood bank, chances for getting the additional discounts are high. The original price of the cord blood package is usually lower than the declared official prices. Reason is, almost all banks offer some kind of limited time special offers in any given week. Is It Possible To Store My Child’s Cord Blood Without Paying Anything? Yes, you can under certain circumstances. If the family member either parent or a full sibling has the medical condition that involves a treatment with the child’s stem cells, some banks offer free cold blood storage through their charity programs. To utilize this offer, you will need to submit the medical history filled out by your medical practitioner. Check out parentsguidecordblood.org to get more info on these programs. Currently the government does not offer any aids on these programs. These are only offered by the private banks and their charity partners on their own finances. As the terms of these programs are subject to change at any time, to avail this program, it is important to process the required things at your earliest possible convenience. If your baby is diagnosed with certain conditions like “hydrocephalus or a congenital heart condition”, that qualify your baby for a clinical trial. In such cases, you don’t need to worry about how much is cord blood banking. Apart from taking care of this expense, these programs help you to deliver your baby at a specialty hospital. You can send your eligibility related queries to Parent’s Guide to Cord blood Foundation through the mail “info@ParentsGuideCordBlood.org“. This foundation has qualified medical advisors who will answer all of your queries about cord blood banking and rare medical conditions. Public Cord Blood Banking If you can’t afford the private cord banking, you can choose the public cord banking which is widely recommended by the medical practitioners. You can make the public donation of cord blood at free of cost. Downside is, just as in the private cord banking, you can’t claim it in the future. It will be utilized for the researches or the people who requires stem cell transplant. If you are interested in making the public donations, visit the website www.marrow.org where you can find the procedure to get in touch with the people at National Marrow Donor Program. You can also approach your health care provider and get the information about the medical centers which might accept the public donations. Why Private Banking Is Not Widely Recommended? Almost all medical organizations including the “American Academy of Pediatrics (AAP)” recommend the public donation of cord blood. Privately banking the cord blood is not usually recommended unless otherwise you have the need for stem cell transplants to your other children or family member now or in the immediate future. Chances of any healthy person ever needing the stem cells transplants are really low. Both related and unrelated stem cells transplants from cord blood donations have been proved to be successful. The reason? Blood creating stem cells acquired from the cord blood of the child are naïve. So when it comes to cord blood stems transplant, it does not necessarily to be a perfect match. Present and Future Hopes Of Cord Blood Banking Uses of cord blood banking have not been fully explored yet. But medical experts claim that cord blood banking will play a crucial role in the future treatments of spinal cord injuries, stroke, heart failures, diabetes, Alzheimer’s and so many other medical conditions. If it is really possible to reproduce the stem cells into any type of human cell then the benefits of cord blood banking would become endless. But as of now all these potentials exist only at the theoretical stage. The Bottom Line When it comes to cord blood private banking, there are few cautions that need to be considered. Medical experts and organizations have expressed that the private cord banks benefit over the vulnerable parents by proving the inappropriate misleading statistics on stem cell cord blood transplants. However, the private cord blood banking is encouraged to the parents of children, who are adopted, children who belong to racial or ethnic minorities and children conceived via vitro fertilization because finding the match becomes harder in these cases.