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Cut Artificial Insemination Costs in 3 Ways Artificial Insemination costs are rather modest compared to other infertility treatments that be needed later. AI is often one of the first techniques used by infertility doctors, and is somewhat lower in cost. Your total costs for artificial insemination will vary based upon the type of procedure your doctor recommends combined with the number of attempts needed. There may be other costs for a sperm bank, sperm washing, fertility drugs, or fertility monitoring equipment which can add to your total expenditure. What you will find below on this page:
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Keeping More of Our MoneyWhen we first started with infertility treatments we did not know what to expect. So many things are not covered by insurance. I'm glad we found ways to keep costs low, and focused on our objective: having a baby.
Cost of Artificial Insemination ProceduresYour fertility doctor or clinic will consult with you and recommend the artificial insemination procedure that works best for your situation and keeps costs most affordable. The difficult choice many couples face is how to balance the costs of each procedure, against the total cost of conception. A lower cost option repeated several times may cost more in the long run than a more expensive option that works better. Intracervical insemination (ICI) is one of the most commonly performed types of artificial insemination. ICI is a procedure that deposits donor sperm directly into the cervix, where it can fertilize the egg. The average cost of ICI is between $300 and $500 per attempt, and with an average success rate of 10 percent to 20 percent, most couples expect to spend up to $5,000 on this technique. Intrauterine insemination (IUI) places the sperm in the uterus rather than the cervix, which requires less travel for the sperm and higher success rates. IUI costs are slightly higher than for ICI. Cut Artificial Insemination Cost - Health InsuranceArtificial insemination costs are lowest when somebody else foots the bill: health insurance that covers infertility. The challenge for many couples is that their current insurer may not cover artificial insemination or other infertility treatments. You can cut your artificial insemination costs in two ways with health insurance: determine what procedures are covered, and find an alternative. Many health insurance plans won’t directly cover artificial insemination, but may cover the diagnosis and treatment of the underlying health condition. Learn the ins and outs of your policy, and work with your doctor’s medical billing person to make the most of your coverage. Finding an alternative health care plan with will cover your artificial insemination costs will be challenging. Most insurers won’t cover infertility treatments unless compelled by state law. But if you know how to play the game you can improve your odds.
Artificial Insemination Cost Cut by IRSYour artificial insemination costs are tax deductible. You can discount artificial insemination prices by offsetting tax savings. You have two options, but one is clearly superior: Take an itemized medical deduction on your IRS Schedule A. Beware - the first 7.5% of your adjusted gross income will be subtracted from the total of your total infertility treatment costs to determine your amount of tax savings. For
example, if your adjusted gross income is $100,000 this means no tax
savings on the first $7,500 of fertility treatment costs.
A Healthcare Flexible Spending Account (FSA) allows you to realize tax savings on your very first dollar of
artificial insemination costs, plus you may also reduce the amount of
State, and FICA taxes you pay. An FSA may generate tax savings of 1/3 or more for all your artificial insemination costs. For example: a couple in the 25% federal income tax bracket paying FICA taxes of 7.65% saves a total of 32.65%. In addition, you may get an interest free loan! Cost of Artificial Insemination RefundMany women undergoing artificial insemination have a good chance of conceiving. It is a relatively simple, low cost procedure compared to other infertiity treatments. Make a bet that you will get pregnant, and purchase supplemental maternity coverage before getting pregnant. You can create maternity leave income. Your benefit for normal delivery may greatly exceed the premium you pay, plus you gain protection in case of prenancy complications, premature birth, delivery complications and more. Look at your benefit as an artificial insemination refund for when it works! |
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