Approximately 7 million couples in the US struggle with infertility. Receiving such a diagnosis can be quite distressing, yet this is only part of the picture. Once diagnosed with infertility, testing, procedures like IVF or IUI, repeated monitoring visits, learning how to inject oneself, and exorbitant costs begin to add up, creating a challenging new normal. Thankfully, as of November 2019, 17 States offer some degree of fertility coverage and hundreds of companies are adding fertility benefits to their employee healthcare coverage.
However, what about the cost fertility medications?
Depending on the protocol, medications average about $5,000 per IVF cycle, however, it takes an average of 2.4 to 2.7 IVFs to get pregnant, which brings the total to an average of $15,000 plus the cost of diagnostics and treatments. While these medications are about one-fifth of the total cost of IVF, they are still expensive.
What can one do to optimize spend on medications?
1. Know your fertility coverage
Insurance companies each have their own policy for coverage. Unfortunately, this is not terribly easy to look up, so you should do your homework in advance. There are two questions you need to ask.