Where to Find Funding for Surrogacy in the USA

Surrogacy USA is a complex process and a major financial investment. A program can cost anywhere from $100,000 to $200,000 on average depending on the agency, state and individual needs. For many families, these costs are a significant financial burden. There are multiple paths to funding, though. In this post, we are going to look at the most popular and qualitative ones.

The easiest method is to use personal savings. Surrogacy is an expensive, but planning ahead of time can allow you to save money in the years before launching the program. Set up a savings account and pay into it regularly. This method prevents you from going into debt and lowers financial stress.

Advantages:

• No interest or debt obligations.
• You are in full control of your finances.

Disadvantages:

• Requires a long time to accumulate funds.
• Risk of depleting savings in an emergency.

Banks and financial institutions provide loans that may be utilized to fund surrogacy costs. Some agencies partner with lenders and may be able to recommend specialized financing programs.

Types of Loans:

• Personal loans.
• Medical-specific loans.
• Mortgage refinancing.

Advantages:

• You can get a lot in a short period of time.
• Flexible repayment terms.

Disadvantages:

• High-interest rates.
• Risk of accumulating significant debt.

Health insurance plans may partially cover surrogacy, including IVF costs. So it’s important to review your insurance plan and ask questions about which services might be reimbursed.

Advantages:

• Reduces the overall cost of the program.
• Partial coverage for medical procedures.

Disadvantages:

• Surrogate services are not covered by most policies.
• Additional expenses may not be included in the insurance plan.

Crowdfunding sites like GoFundMe help families raise funds for surrogate services through donations from friends, family and even strangers. To win it, you need to tell an honest and heartfelt story about yourself.

Advantages:

• Potential to raise a significant amount without repayment.
• Support from loved ones and the community.

Disadvantages:

• May not always meet the fundraising goal.
• Requires active promotion of the campaign.

If a family is looking to pursue surrogacy, there are nonprofits and foundations that provide financial assistance toward that purpose. These are often designed to provide help to families with some medical condition.

Advantages:

• Financial support without repayment.
• Opportunity to receive grants or scholarships.

Disadvantages:

• Competitive selection process.
• Limited amounts of assistance available.

For smaller expenses, a credit card may provide a temporary solution. This approach is only appropriate if you know you’ll be able to pay off the debt in no time.

Advantages:

• Convenience and speed.
• Potential to use reward programs.

Disadvantages:

• High-interest rates.
• Limited credit limits.

If you have any rich friends or family members, they can provide aid. This is either a gift or a no-interest-loan.

Advantages:

• Repayment terms are flexible.
• Avoidance of bank interest rates.

Disadvantages:

• Potential strain on relationships.
• Clear discussion about the terms is needed.

When it comes to funding surrogacy in the USA, you need to be more thoughtful about how you will approach the right solutions. By using one or more of the options described above, you can realize your dream of becoming a parent. So, set up a financial plan ahead of time and evaluate every risk. Keep in mind that every family is unique and it'll look different to find what works best for you.