It’s not a secret that the process of surrogacy can be a costly one, but it’s well worth it for people who want to be parents. That said, you can budget for the surrogacy process so that you get it done with minimal hassle from start to finish. Here are a few tips to make it easier for you to budget for the process and get the family that you desire without negatively impacting your lifestyle.
Understand the Costs
You need to begin by understanding the costs associated with surrogacy, of which there are a few. In fact, the overall cost can vary widely depending on a range of factors. Some of these are whether you require the help of an egg donor, if you’re expecting twins, the individual expenses of your surrogate, and the medical circumstances that take place during the entire process.
Several of these expenses are known and can be calculated right from the start, but there are also miscellaneous expenses that you may face. Some of these include ending up with an unplanned cesarean section or even the surrogate developing issues at some point in the process. When you know the expenses that you expect to deal with, it’s going to be easy for you to set an effective budget.
Look at a Few Agencies
Next, shop around and find out the various agencies with which you can work. Do this bearing in mind that each agency will have a different cost, which depends on the services that are offered as a package by the agency in question. In the end, make sure to only settle for an agency that has a good reputation, and that knows the details of the process well enough to guide you through it. This includes the legal details safeguarding the process as well as best practices. For example, according to Elevate Baby, the agency should be aware that egg donors must be between 19 and 29. However, it’s possible to accept donors up to the age of 31 years.
Look Closely at Your Financial Situation
Once you have a good idea of what the process entails as well as the typical costs that it may take, you should evaluate your financial situation. Make sure you’re able to comfortably pay for the entire process without putting your finances in disarray. You’re still going to have expenses to deal with, and one of these is home maintenance costs. After all, regular maintenance of your home and the appliances that you have is important. For example, regularly maintaining HVAC reduces the risk of experiencing expensive breakdowns by an impressive 95%, according to Data Scope. This means that it’s well worth taking the time to take care of your home, your car, and all other assets that you own.
Find Out if You Can Get Assistance from Insurance and Other Sources
Finally, you should look into how much you can get out of your insurance coverage towards the process. If you can find an agency that accepts the insurance provider with your cover, find out the details of how much they can give you. Once you ascertain this, it will be easier to know how much you need to set aside for the process. This is going to be considerably less than what you’d have paid without the boost from insurance.
With these tips, you may be able to budget effectively for surrogacy. As a result, you may have an easier process because you don’t have to worry about the finances. Look into all the options that are available for you so that you can make the most out of the process.
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