Cord Blood: When To Bank And How Much It Costs

Cord blood is the blood that remains in the umbilical cord and placenta after birth. Cord blood can be collected and stored for future use, including in cases of leukemia and other diseases. Cord blood storage costs vary, depending on the bank and the length of time the cord blood is stored. Cord blood can be stored for up to 25 years, and the average cord blood storage costs $1,500.

Cord blood banks typically charge a one-time fee of $2,500 for collection and processing and an annual fee of $125 for storage. There are also a few private cord blood banks that charge a monthly fee for storage. The decision to bank cord blood is a personal one, and parents should consult with their doctor to determine if it is right for their family.

When to Bank Cord Blood

Cord blood can be collected at the time of delivery, or it can be collected prenatally. Cord blood child’s collection is a simple and painless procedure that takes about 15 minutes. If you opt to collect cord blood, you will need to make arrangements with a cord blood bank in advance of your child's birth.

Cord blood can be used in the treatment of leukemia and other blood disorders. Cord blood is also being studied for its potential use in treating a variety of other diseases, such as diabetes and cerebral palsy. If you opt to bank cord blood, it will be available should your child or a family member ever need it.

How Much Cord Blood Storage Cost

The cord blood storage cost at Cord Blood Registry is $150 for the first year and $100 for each year after. The cord blood storage at LifebankUSA is $155 for the first year and $105 for each year after. The cost of storing cord blood at private banks varies. Some banks charge a flat fee, while others charge an annual fee.

Private vs. Public Cord Blood Banks

Private cord blood banks are run by for-profit companies, and they store cord blood for the exclusive use of your family. Public cord blood banks are managed by non-profit organizations, and they store cord blood that is available to anyone who needs it.

The Cord Blood Registry is a private cord blood bank that has been in business since 1992. Cord Blood Registry is accredited by the AABB and FDA. The Cord Blood Registry charges a one-time fee of $2,500 for collection and processing and an annual fee of $125 for storage.

The New York Blood Center’s Cord Bank is a public cord blood bank that has been in operation since 1988. The New York Blood Center Cord Bank is accredited by the AABB and FDA. There is no fee to donate cord blood or to use cord blood that has been donated.

Conclusion

The decision of whether to bank your child’s cord blood is a personal one. Some parents opt to bank cord blood because it gives them peace of mind, knowing that it will be available should their child ever need it.

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