IVF is Probably More Expensive Than You Thought

IVF's price tag just might make your jaw drop. A recent report highlights the financial drain associated with fertility treatments.

Cost of IVF vchal/Shutterstock
The fact that fertility treatments can be costly is common knowledge—but most people probably aren't aware it's this expensive. A recent report from NerdWallet and Fertility IQ highlights the financial burden IVF carries, and it also explains a few ways hopeful couples can navigate this.

Fertility IQ's team collected data from over 3,000 fertility patients and found that a cycle of IVF cost an average of $19,857. This is already eye-wateringly expensive, and the price tag may even be prohibitive for many couples. But the costs just keep mounting—because IVF is unsuccessful more often not (only about 30 percent of IVF attempts result in live births), many patients must undergo multiple rounds before a successful pregnancy. You don't have to do the math to realize that multiple rounds of this already pricey procedure could put the average family into serious debt.

What's more, many couples don't have insurance that covers the procedure—about 56 percent of the report's observed cases didn't have any part of their fertility treatments covered, and as we've previously reported, those who have coverage have higher success rates with IVF procedures. 

Infertility doesn't discriminate: It can affect couples of all races, educational levels and income levels. In fact, 12 percent of women experience impaired fertility. Despite its universality, the report indicates that 31 percent of the patients observed made over $200,000 while just 4 percent made under $49,000 a year. Clearly, these numbers aren't representative of national percentages, and they indicate something that's not at all surprising in light of these findings: That IVF treatments aren't being equally used by patients of all socioeconomic classes.

The report also details ways patients can shoulder these costs: For example, did you know fertility loans are a thing? Lenders like CapexMD offer up loans in conjunction with fertility clinics. Patients may also be able to take out personal loans to cover the procedure. Those who have enough disposable income to pay for the procedure can also use health savings accounts to deduct costs from their taxable incomes.

Paying for IVF treatments is never an easy thing, but taking a look at the report might be a great first step for patients who are considering the treatment. You can find it the whole breakdown here, courtesy of NerdWallet