Introduction
Saving human lives is a great choice and becomes necessary for your child or other family members. Cord blood banking is one such advanced solution to invest in the future health security of your family.
What is cord blood banking?
Well, during the birth of a child, stem cells are collected from the umbilical cord and placenta of the mother. In general, that particular area is cut and clipped after the baby is born, and the total blood becomes a waste.
However, this cord blood can save lives from almost 80 critical diseases. So, it can be a prominent solution to almost every disease. You can see it as a future solution for your family members regarding health!
Cord blood banking is an investment. If you consider it, you are on top of your family’s health-controlling process. Cord blood storage is a once-in-a-lifetime process, and thus, you need to understand its importance.
No one knows when health risks will come, and thus, we need to be prepared for them earlier. Considering cord blood banking is one of the prominent solutions to do that.
Why Is Cord Blood Banking Important?
Cord blood banking is essential to provide better attention to stem cells. These cells are used in various medical conditions. So, it is a valuable source to ensure treatment to human health.
Stem cells are unique because they can develop into many different types of cells in the body, which makes them useful for treating diseases and conditions that involve damage to tissues or organs.
Cord blood banking allows parents to store their baby’s cord blood for potential future use, either for their own family or for donation to a public cord blood bank.
Cost Of Different Cord Blood Banking Processes
Cord blood banking is a valuable service that provides an opportunity for parents to preserve the stem cells in their baby’s umbilical cord blood for potential future use. However, cord blood banking comes with a cost, and it’s important to understand the different factors that contribute to those costs.
Here, we will explore the various costs associated with different cord blood banking processes, including annual storage and maintenance fees, collection, testing, and registration fees, and the cost of storing both cord blood and umbilical cord tissue.
We will also take a look at the different packages offered by cord blood banks going from the most affordable such as AlphaCord all the up to the most expensive such as CBR, cord blood and cord tissue, and cord blood, cord tissue, and placenta.
By the end of this article, you will have a better understanding of the costs associated with cord blood banking and what factors you should consider when deciding whether or not to bank your baby’s cord blood.
Annual Storage And Maintenance Fees
Annual storage of cord blood banking costs between $100 and $175. It differs from bank to bank. You do not need to carry any charges for public banks as they do not guarantee to store the cord blood for your child.
But in private banks, you will have to pay for reserving it.
Collection, Testing, And Registration
These are the most prominent steps before you can store the blood. These steps combined may cost you between $1,350 and $2,350.
So, you have to consider some upfront money before you can decide to store it.
Storing Both Cord Blood And Umbilical Cord Tissue
Considering the cost of collection and testing, you are left with the option of going to the store. Some people go for one, and some for cord blood and umbilical cord tissue storage.
It depends on your priority and the balance that you can afford. Both may cost you $300 per year on average.
Different Packages
Cord blood banking packages can vary in price depending on what is included. Typically, the more comprehensive the package, the higher the cost. For instance, a package that includes both cord blood and cord tissue storage may cost more than a package that only includes cord blood storage.
Similarly, a package that includes storage of cord blood, cord tissue, and placenta may be more expensive than a package that only includes cord blood and cord tissue storage.
It is essential to carefully consider what package is right for you and your family based on your individual needs and budget.
- Cord Blood Only
- Cord Blood and cord Tissue
- Cord Blood, Cord Tissue & Placenta
We have already mentioned that you can go for options. The price will increase on the options you choose. If the number of options is increasing, then you have to afford the value of it.
