The Initial Collection Fee

The first cost associated with cord banking is the initial collection fee. This cord banking costs covers the collection, processing, and storage of your baby’s umbilical cord stem cells. It typically ranges from $1,500–$2,500 depending on whether you opt for private or public banking. If you choose private banking, your child’s stem cells will be stored in a cryopreservation facility that only you have access to; public banks will store your child’s stem cells in a shared database.

Annual Storage Fees

Like any other storage service, annual fees are charged for storing your baby’s umbilical cord stem cells. These charges usually range from $100–$200 per year and are often waived for the first few years after collection. However, some companies may charge more than others, so it’s important to do your research when choosing a provider and compare prices before committing to a particular company.

Additional Fees

Additional fees may be charged if you need to transfer or process samples at any point during storage. For example, if you decided to switch providers after several years of keeping your baby’s samples with one company, there might be a fee associated with transferring the samples to another storage facility. In addition, some companies offer additional services such as genetic testing or disease screening that could incur additional fees as well—so make sure to read all contracts thoroughly before signing up!

Conclusion:

Cord banking can be a great way to provide peace of mind for parents-to-be who want their children to have access to potentially life-saving treatments down the line if needed. To decide whether or not it’s right for your family it’s important to understand all associated cord banking costs including initial collection fees, annual storage fees, and any additional fees that might be incurred due to transfers or special services like genetic testing or disease screenings. Doing thorough research into providers and comparing prices can help ensure that you get the best deal possible for protecting your little one’s future health!