Surrogacy Financing & Loans

Hands down, gestational surrogacy is expensive. Fortunately, financial support is available to help couples start a family.

Without further ado, let’s check out the financial aids available:

Surrogate Health insurance

Although most of the time you have to purchase a supplemental surrogate health insurance plan because health insurance doesn’t cover surrogate, it’s kind of financial support.

This insurance covers the cost of surrogate pregnancy and delivery.

Grants for surrogacy

Before weighing any other financial option for paying a gestational carrier and other expense related to surrogacy, consider applying for a grant. The best thing about grants is that you don’t have to pay them back.

Any funding you can get would do. Search for the grant organizations in your local area or state. The requirements and funding by each organization vary. Some even require infertility diagnosis for determining your eligibility.

Surrogacy via Fertility Centers

Many fertility centers offer financing choices to lift the financial burden of intended parents.

You may be entitled to receive as much as $100,000 with a low APR rate. Factors such as your income and credit score will be taken into account for the approval of the loan.

401(k) Plan

Got a retirement account such as a 401(k) or RIA? Although this is supposed to help you in our golden years, there is no harm in utilizing it for building a family.

Keep in mind the early withdrawal of funds from your retirement account can result in penalty and other fees. For instance, 401(k) loans allow you to borrow up to 50 per cent of the vested balance. So you could get up to $50,000 advance, which you must pay back within five years. In case you leave your job, you must pay the balance in full within the next tax return.

Talk to your company’s human resource department to discuss the financing options and other terms and conditions.

Home Equity Loan

Some people are fortunate to have paid fall or full of their home loan. If that’s you, you have the option of using your house as a secured asset and borrow a loan against it.

The advantage of this financing option is that the money comes in a lump sum, which will help you cover large expenses related to the surrogacy process. You can always save the remaining amount for other expenses down the road.

To make the right surrogacy financing decision, it’s best to speak with a counsellor. You can also contact Surrogacy agencies.

Do explore Expecting to find more financing options.