Does Insurance Companies cover Cord Blood Banking?

You can see how valuable and vital cord blood banking can be. It can save a life, cut the cost of long endless stays in the hospital, speed up recovery time and in the end, it can have a positive result which will not cost the insurance company any more money. So the priceless question is will the insurance companies cover cord blood banking

With stem cell research, there is much controversy on this subject because sometimes the stem cell has been known to come from aborted fetus. With cord blood banking there is no doubt when the cord blood is collected. It is collected at the time of the delivery after the baby has been successfully separated for the umbilical cord. There are no lives at stake or endangered during the collection of the cord blood. In fact, the cord blood as well as the umbilical cord is usually disposed of once the birth is over. The umbilical cord is vital to keep the unborn child alive while still in mother’s tummy. The cord helps to keep the baby alive with vitamins and nutrients as well as antibodies that will help the baby fight off colds and other germs once it is born. The umbilical cord is so important for the unborn child but once the child is born it has no significance at all. Therefore it is tossed away unless the mother elects to donate or store the cord blood for future treatment of illnesses and diseases when necessary.

Unfortunately it is hard to say if an insurance company will cover the cord blood banking or not. Some may cover a portion of cord blood banking while others may cover it all. There are some insurance companies that will refuse to cover cord blood banking at all. In order to find out you will need to make a phone call to your insurance company to find out exactly what is covered. They may pay for the initial cord blood deposit or they may offer a discount on monthly installments that you make to the cord blood bank. Maybe they will only cover public banks instead of private. Either way you need to make sure that you find out before you deliver your baby so you won’t be surprised.

The best way to handle insurance companies is to make the aware of cord blood banking and the way that it is increasing in demand. Once they realize how much healthier people will be when everyone begins to donate they may change their policies a little bit and decide to offer coverage or a part of coverage that will help parents afford to bank cord blood.