Cord Blood Banking Payment, Fees, and Charges in 2017. How much would you have to pay if you want to store your baby’s cord blood in a cord blood bank or storage center? In our post on Texas Stem Cell cord blood storage, we mentioned that Texas Stem Cell or TSC charges a one-time fee of anywhere from $1,600 to $4,500.
What about other cord blood banking services, how much do they charge? Back in 2010, private cord storage initial fees ranged from $2,000 to $3,000 according to ABC News. In addition, aside from said initial fee, you gotta pay an additional fee of around $100 per year for storage.
Meanwhile, a 2014 report by parents.com reveals that “private cord blood banking costs between $1,400 and $2,300 for collecting, testing, and registering, plus between $95 and $125 per year for storing”.
Now, the figures on fees and charges are from a few years ago but what about now? How much would parents be charged if they decide to store their children’s cord blood in 2017?
Well, here’s a 2017 comparative list of cord blood banking payment, fees, and charges which we gathered from companies who offer cord blood banking services
1. Cord Blood Registry: Cord blood only storage is $1,650 for the first year which is broken down to processing ($1,330), first year annual storage fee ($150), and courier transport ($170). After the first year, you would have to pay an yearly storage fee of $150.
If you want to bank cord blood as well as cord tissue (cord blood + cord tissue package), the payment charge for the first year goes up to $3,095 which is discounted to $2,770 (less $325 dual package discount). When broken down, your charges and fees for the first year is as follows: processing ($2,625), annual storage ($300), and courier transport ($170).
2. Americord: According to Americord, it charges a total of $2,999 for cord blood processing and storage for a period of 20 years. For the storage of cord tissue, the fee is $1,999 which, again, pays for 20 year storage and the processing cost. The same amount (i.e., $1,999) is charged for placenta tissue processing and 20-year storage.
3. Viacord: The cord blood banking payment processing fee for Viacord amounts to $1,575. It goes up to $2,420 if you want to store not only the cord blood but also the cord tissue.
Aside from the above processing fee, you have to pay an annual storage fee of $175 per year. If you want a discount, you might want to opt for the 20-Year Prepaid Storage package amounting to $2,765 (you save $735) or the 25-year Prepaid Storage package which amounts to $3,225 (you save $1,150).
4. Cryo-Cell International. For its part, if you want to store cord blood with Cryo Cell you will be charged $1,600 for processing, collection, testing, and courier fees. The payment increases to $2,550 if you want to bank cord blood as well as cord tissue.
Cryo Cell’s annual storage fees are $150 for cord blood only and $300 for cord blood plus cord tissue.
5. Maze Cord Blood. Maze charges $2,490 for cord blood banking and this amount covers processing and storage for a period of 20 years.
If you want to bank cord blood and cord tissue, the fee goes up to $3,490. Again, this amount pays for both the processing as well as the storage for 20 years.
We hope this gives you a general idea on cord blood banking payment costs in 2017. The information source for the above figures are the respective company websites. Do note that the prices are as of the publication of this post and may change in the future.