New Year, New Finances
We know. The new year isn’t just new goals, but it’s new finances, new budget, new insurance, new stress. Fertility treatments can definitely add an extra layer of financial strain, but it doesn’t have to be overwhelming!
Today we’re talking to our Finance Team at Generation Next Fertility to answer some of your top Fertility & Finance questions:
First off, can insurance cover any of the costs of fertility treatments?
Yes! Generation Next Fertility is in network with most major US insurances and those in-network will cover a good portion of the costs associated with fertility treatments. However, it’s important to note that every plan is different, and you should contact your insurance company and send us your insurance information prior to coming into your appointment so that we can verify your benefits. There may be some restrictions or limitations, such as coverage limits, and those can affect your ability to access fertility treatments through your insurance. That’s why you should always, always, always check your coverage details with your insurance provider and have us verify your benefits ahead of of your appointment to make sure that you have a clear understanding of what is covered and what is not.
My friend and I both use the same insurance provider, but why do I have different coverage for my medication?
Just how coverage for the cost of fertility treatments vary, insurance coverage for fertility medications also varies depending on your specific policy. Even within the same insurance company, some plans may cover the cost of certain medications while others may not. Some plans may also require pre-authorization for certain medications.
In any case, it’s always a good idea to check with your insurance provider to determine what is and isn’t covered under your plan.
Do I have to pay a co-pay every time I come in the office?
Whether or not you have to pay a co-pay for each office visit will also depend on your specific policy of your insurance plan. Prior to booking an appointment, our Finance Team will verify your benefits and let you know if your plan comes with any out-of-pocket associated costs (co-pay, deductible, co-insurance, etc).
If I don't have insurance, what financing options do I have for fertility treatment?
If you don’t have insurance, there’s still plenty of financing options available for fertility treatment. Finance partners and lenders are a good option to help you with the costs, and we also offer self-pay and payment plans. This is a good way to have a flexible plan to pay your treatment. Be sure to research and compare different financing options, which you can see on our website, and to consult with us in the Finance Department for more information about the options that are most suitable for your circumstances.
Is there anyone I can talk to about managing the financial aspects of fertility treatment?
Yes, absolutely. We’re here to help in any way we can! It’s always a good idea to talk to our Finance Team, and it’s nice that we’re all in the same building at Generation Next Fertility. We can all give you a clear understanding of the costs and help you create a plan that ensures that you have the best possible chance of successfully starting your family.
A huge thanks to our GNF Finance Team for giving us an insight on managing the financial aspect of fertility treatment. Don’t let financial concerns hold you back from pursuing your dream of starting a family or preserving your fertility. We’re here to support you and help make your fertility journey as stress-free as possible.