Getting pregnant can be more expensive than a new car. Don’t believe us? Ask someone who’s done in vitro fertilization (IVF). According to fertility education site FertilityIQ, a single IVF cycle is $23,000+ depending on location and whether services like medication and pre-implantation genetic screening are included. Patients complete an average of 2.3 to 2.7 cycles, which can total up to $50,000. And it’s a growing industry: The US fertility industry is set to increase from $5.3 billion in 2023 to $8.7 billion by 2033, according to market research and consulting firm Precedence Research. Some clinics and startups help patients finance these expensive fertility treatments, and offer programs that provide refunds if IVF is unsuccessful. San Francisco-based startup Future Family offers both. The company introduced an insurance program in February with a “baby or your money back” guarantee. If a patient using the company’s IVF insurance doesn’t have a live birth after two cycles, they can file a claim and get a refund up to their coverage limit. Depending on the policy, that can be $15,000, $30,000, or $50,000. Learn more about what Future Family is doing here.—CC |