Interest Free IVF & Infertility Financing

IVF and infertility financing is scary!  

An IVF loan allows you to begin your treatments right away. But infertility treatment costs are high enough already without adding financing costs. And consider how difficult it will be to repay the loan when mom takes an unpaid maternity leave, or if complications result in unplanned time from the job prior to delivery.

Before taking any IVF financing or infertility loan consider these three options first:

• Ideal infertility financing – How to get an insurance company to foot the bill
• Interest free IVF financing – Use your FSA to get a loan from your employer
• Infertility loan security – How supplemental insurance can repay your loan

The ideal infertility and IVF financing is simple: have an insurance company pay the bill.  But how can you make this happen if your current insurance carrier does not cover your infertility and IVF procedures?  It's not easy, but it is possible.

Don't waste your time looking in the individual market.  Look instead at the employer sponsored plans for both spouses.  Understand that fifteen states have insurance mandates requiring some form of infertility coverage.  These mandates apply in the states where employers are headquartered. 

If neither spouse works for an employer headquartered in a mandate state consider looking for a new job with an employer that fits the criteria.  IVF is very expensive as you know.  A job with the right coverage can make a huge difference.  Research state laws to identify potential employers in your area.

If your employer(s) offer Flexible Spending Accounts (FSA) you have an interest free infertility or IVF financing option right under your nose.

You elect to contribute $5,200 into your FSA for the year beginning January 1, and to make contributions of $100 per weekly pay period over the next year. You undergo IVF treatments on January 1, incurring $5,200 in costs. The entire $5,200 is payable immediately by your employer - before you make your first contribution. Your obligation is to continue making $100 contributions over the next twelve months directly from your paycheck.

Your $100 weekly payroll deduction reduces the amount you pay in FICA, Federal and State income taxes. Not only have you given yourself an interest free IVF loan, you cut your costs by 1/3 or more at the same time.

You have a rare opportunity to plan an unreimbursed medical expense at a time most convenient to you. Take advantage.

IVF and infertility financing is scary as mentioned above.  If you are unable to pay for your infertility or IVF treatments when both mom and dad are healthy and working, what will happen when you have the extra payments but mom is out of work during her maternity leave, or longer if complications crop up?

Supplemental insurance is a great way to create infertility loan financing security.  Buy the coverage before beginning your treatments and replace mom's income during her maternity leave and in case she experiences complications, gets sick, or suffers an injury.  Plus, additional benefits may be paid if your infertility treatments trigger a multiple pregnancy which does not go full term.