Getting a price quote from a private cord blood bank is easy, but comparing cost between cord banks can be a bit challenging. It can be difficult to compare costs because in most cases cord banks quote their costs using the same terminology, but do not necessarily include the same services.
Let us take an example to help illustrate this point. Cord blood Bank A tells you that the collection and processing fee is $1,500, while cord blood Bank B tells you their fee for collection and processing is $1,300. One would assume that Bank B is therefore cheaper. However, Bank B is less expensive because they do NOT include shipping fees when quoting their collection and processing fee. Instead, Bank B breaks out the shipping cost in a separate line item as a $150 charge. Consequently, both Bank A and Bank B are actually very comparable in terms of cost.
To help avoid confusion when comparing costs and services, ask the bank to give you a quote for total first year costs, including shipping and storage. Total first year cost is the total cost that parents will incur for the first year of cord blood banking (enrollment/admin fees, collection and processing fees, shipping, and 1st year storage). A brief definition of these costs is listed below to help you understand all the costs associated with cord blood banking.
By comparing total first year costs, parents can be assured of fairly comparing the cost of cord blood banking. Review our complete list of banks and compare cord blood companies in one easy location.
An enrollment fee, which is sometimes also called an admin fee, is a one-time fee usually due when the contract is signed.
Collection and Processing Fees
This is a one-time fee that typically covers the collection and processing done by the laboratory. This is usually the largest fee and the bulk of the cost. Some banks include shipping as part of this fee so make sure you find out exactly what is included.
This is a one-time fee for the shipping and delivery of the cord blood. Costs can vary greatly based on the type of shipping provided.
This is a recurring fee, typically charged on an annual basis, for storing and monitoring the cord blood.
This is a one-time fee that some banks charge should you ever need to extract and use the cord blood. This is also sometimes called a release fee.
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