Intended Parents

How to Save Money for Surrogacy

Surrogacy can be expensive, but with thoughtful planning and the right resources, learning how to save money for surrogacy is possible.

Understanding the factors that contribute to surrogacy costs can help you determine how to save money for surrogacy effectively.

Contact us online to learn more about surrogacy as a pathway to parenthood. Our team is here to guide you through every step of the process and help you understand the financial options available to make it happen.

This article explores effective strategies to help you save money and access resources for affording surrogacy.

How to Save Money for Surrogacy

Below are some tips to help you set aside the funds you’ll need while staying focused on your goal of becoming a parent.

Family Equality recommends creating a dedicated savings account for surrogacy, the same way you would for other large investments like your child’s college education, a vacation or a new home.

Determine where your non-essential spending is going and reduce some of those expenses to put that money toward your surrogacy journey. This could mean smaller things like dining out or shopping trips to even bigger expenses like annual vacations.

Talk to your employer or your human resources department if you are looking to grow your family. Some employers provide fertility benefits that may alleviate some of the cost.

There are a variety of resources that help when it comes to affording surrogacy. Professionals and organizations have fertility grants and loans to help you afford the cost of surrogacy.

A surrogacy cost or loan calculator can help you during the planning stages of your journey, letting you know how much you’ll need to pay on a monthly basis.

Digital budgeting apps like Rocket Money or You Need a Budget or using spreadsheet trackers can help you track each and every dollar. Having a clear outline of your income and how its spend can help you figure out where your money is going and where cost-cutting can take place to put more money toward surrogacy-related expenses.

You can reduce expenses by prioritizing essential needs. This could come in the form of selling non-essential items or moving to a smaller living space to help contribute toward your surrogacy costs.

This example of surrogacy cost breakdown may look different depending on the choices you make, but it’s a great way to visualize where your money goes:

Service	Cost
Agency Fees	21%
Surrogate Compensation	35%
Screening and Matching	21%
Legal Costs	11%
Medical Costs	12%

If learning where you can save money for your surrogacy could be beneficial for your situation, then knowing how you can raise money may be helpful too.

How to Raise Money for Surrogacy

If you are looking into how to save money for surrogacy, knowing how to raise money for surrogacy can’t hurt either. With an average cost of $150,000-$179,000+, every dollar counts.

Fundraising is a great way to raise money as there are additional online avenues nowadays like GoFundMe and Kickstarter in additional to the traditional fundraisers like benefit dinners and other community-based events.

With ART becoming more and more prevalent in helping families grow, there are family-building organizations and even traditional businesses like banks that offer grants and loans for those dealing with infertility issues.

Here are some examples of grants and loans that could help with raising money for your surrogacy:

Grants

Loans

Surrogacy and Insurance

If surrogacy is right for your situation, be sure to talk to your employer about if they have any surrogacy or fertility-related coverage.

If your employer does not have any fertility-related coverage, then gap health insurance may be needed. Gap health insurance helps cover the major medical deductible and coinsurance.

22 states and the District of Columbia have some form of infertility coverage when it comes to insurance laws. Fill out our online contact form if yours doesn’t to get connected to a reputable surrogacy professional that can help.

Is Surrogacy Worth the Money?

Parenthood may be something that you’ve been looking forward to within the past few years of deciding to grow your family. Maybe it’s something you’ve thought about since you were a kid yourself. No matter how long it’s been, you’ve waited long enough

Affording surrogacy may seem difficult, but with knowledgeable and experienced industry professionals, your journey to parenthood will be as smooth and straightforward as possible.

While learning how to save money for surrogacy, you might be wondering where that money goes or what kind of return on investment you’re getting:

Matching Quickly: One of the primary functions of an agency is to help you find a surrogate. The best value they can give you is to find you a match quickly. Avoiding long wait times with a reputable agency can be the difference in finding a match in months or years and waiting longer to experience parenthood.
Thorough Screening: Being a surrogate isn’t easy. That’s why reputable agencies will screen any hopeful surrogates before they work with them to help ensure problems don’t arise later in the process. Matching with a surrogate who fails the clinic screening, could mean waiting longer to become a parent while having to spend more money to find another surrogate.
Financial Security:Everything doesn’t always go according to plan. Pitfalls are possible along the way. When you are looking for an agency to work with, financial protection is an excellent perk for intended parents to protect their investment. Agencies that don’t offer this financial protection can mean additional costs for you if unexpected issues arise.

Get the support you deserve when it comes to learning how to afford your surrogacy journey and live out your dreams of parenthood by getting in touch with us today. We’re here for you whenever you need us for whatever stage of the journey you’re at.