How much does IVF cost in NJ? Well, the answer to this question is right below.
Just navigate the page to find out the typical price. You’ll also bump into some factors that influence the cost of this treatment and how you can apply it.
Average Cost of IVF In NJ
Fertility treatment, such as IVF, is indeed an expensive venture. You’re more likely to spend thousands of dollars for such a procedure.
If you don’t have any tangible source of income or savings, your mission may seem impossible. You can only make it come true by seeking financial help such as grants, loans, etc.
How Much is IVF in NJ?
When choosing IVF as your solution for infertility, you must learn about its cost implications. Such knowledge will help you make informed decisions regarding your finances.
Moreover, you can make proper preparations on time.
Now, the average cost of one cycle of IVF in New Jersey is around $8,000 to $25,000. But this cost doesn’t include extra services such as medication, an initial diagnosis, genetic testing, and more.
Such treatments have their separate costs. While some clinics will give you a cumulative bill, others will demand you pay for these services separately.
Factors that Determine the Cost of IVF in NJ
You must know that certain elements affect the cost of IVF in New Jersey.
By understanding these factors, you’ll have valuable insights into managing the financial aspects of your fertility treatment.
Some variables to consider are geographical location, number of cycles, clinic and physician fees, additional services, and more. If you don’t mind, allow us to review them separately.
Where you live can significantly increase or lower your treatment expenses. As you know, New Jersey is a well-developed state renowned for its high cost of living.
Its costly nature extends to various health services, including IVF. How much you’ll spend for this treatment depends on the specific area, clinic, and city you live in.
Clinic and Physician Fee
This is another critical factor to consider when budgeting for this procedure in NJ. Experts claim that clinical fees constitute the most significant portion of your overall IVF cost.
So, before taking any significant step, you must weigh the expertise of your preferred fertility center. You can do that by reviewing their success rate and the cost of their services.
Compare the prices of each clinic to know which one will best fit your pocket. Of course, you’ll not lack the one that matches your budget.
Number of Cycles
There is no 100% guarantee that your first IVF cycle will be successful.
Sometimes, it fails, and you’ll need to run another one. When that happens, you’ll be required to pay for another cycle, which can be an additional cost. So, the more cycles you have, the more money you spend.
Some facilities ask patients to pay for three cycles of IVF at once. If the first one is successful, they’ll be refunded. But if otherwise, they’ll keep deducting from their initial payment.
After the third IVF, they’ll receive free treatment.
In some cases, patients may require additional services to facilitate the success of their pregnancy. Or to reduce the risk of any completion.
These services include genetic testing, sperm/egg donor services, egg freezing, medications, and more. Each of these services costs hundreds and thousands of dollars.
Before you finalize your IVF budget, consider these variables, which might add to your cost.
Is it True that it Can Cover IVF Costs in NJ?
Oh yes! You can indeed have your IVF expenses taken care of by health insurance.
The state mandates insurance companies include fertility care in their coverage lists. However, there are exemptions for employers with less than 50 employees or self-insured employers.
Moreover, these laws don’t guarantee you’ll receive coverage. Your insurance plan may have limitations that make such coverage not applicable to the required care.
Therefore, you should check with your insurance provider to know the extent of your coverage.
How to Manage IVF Treatment Costs
You might need more than just an understanding of the actual cost of IVF. You’ll need to understand some ways to manage the expenses.
You can pay for this procedure in several ways without breaking the bank. They include obtaining fertility grants, tax deductions, personal savings, retirement funds, and loans.
NJ Grants for IVF
Several grant opportunities are open to cover the expenses of fertility treatment. You can explore these options to cover part or entire treatment costs.
While the government provides some grants, others come from private institutions. Each has unique beneficiaries and perquisites, which you’ll need to figure out.
Some grants for IVF you can explore include the Nest Egg Foundation, the Compassionate Care Program, the Baby Quest Foundation, and the Tinina Q. Cade Foundation.
Others are Hope for Fertility, Parental Hope, Starfish Infertility Foundation, and more.
Besides grants, you can also secure scholarships to cover the cost of your IVF in New Jersey. The government, nonprofits, and other private agencies often provide fertility scholarships.
Similar to grants, you’ll not be required to pay back any money awarded to you. However, it would help if you met certain conditions before qualifying for their assistance program.
Fertility Treatment Loans
You can consider getting a loan if you cannot secure free funding for your IVF treatment.
Several organizations, including the government, provide mortgages for couples to cover their fertility treatment costs.
Unlike grants and scholarships, you’ll be required to pay back any money given to you with interest.
Moreover, the research and application process to obtain a fertility treatment loan takes a lot of work. Therefore, you must contact each agency or company to determine whether their plan suits you.
Meanwhile, some loans you can obtain include EggFund, Ally Lending, New Life Agency, and Lending Club. Others are Prosper Healthcare Lending, ReUnite Assist Program, Fertility Clinic Packages and Plans, and more.
Undoubtedly, the cost of IVF in New Jersey is a significant burden. As you can see above, you’ll spend thousands of dollars for such treatment.
If you can’t afford the price above, you can explore how to pay for such treatment. However, contacting some fertility advisors can help you navigate through your fertility journey. Plus, it will help you save money.