Gestational surrogacy can be a wonderful option for intended parents unable to conceive otherwise. Unfortunately, worry about potential costs can add concerns to the wonderful experience of creating a family. Knowing what to expect financially and what your payment options are can give you a little piece of mind. In this article we will discuss the costs associated with gestational surrogacy and options to pay for them.
Total Costs of Surrogacy. The typical range of costs is about $65 to $100k (for a more detailed breakdown of surrogacy costs, visit our related blog post). One of the largest expenses is medical costs. As an intended parent, you will be responsible for all medical expenses related to the pregnancy incurred by the gestational carrier throughout the surrogacy process.
When you initially consider working with a surrogate, you may expect to pay a fee to the agency that facilitates your relationship with and the medical expenses of the gestational carrier, but there are additional expenses you may not have considered. These can include:
- IVF and Medication Fees
- Surrogate Legal Fees
- Maternity clothes
- Monthly expense allowance for surrogate
- Mileage & child care, housekeeping & lost wages if on bed rest
- Travel, lost wages and childcare for surrogate’s medical screening and embryo transfer
Financing Options for Surrogacy Expenses
Even intended parents who don’t have the cash in savings to pay for the costs of creating their family though surrogacy have options. The most common financing options include:
- Home Equity Loans
- Credit Cards or Cash Advance
- 401(k) Loans
- Loans from Friends or Family
Another financing option some may be unaware of is an unsecured loan from companies such as Prosper Healthcare Lending. You’ll need to have good credit and be able to afford the repayment plan, but if you are short on cash, loans can be a great option.
To learn more about the costs of surrogacy and your financing options, contact the experts at Surrogate Solutions. They have helped many families successfully navigate their surrogacy journey, and they would love to help you as well.