Sign in 
For parents to understand all of the benefits of banking their baby’s cord blood, there are two options : public donation or family banking. Many parents struggle with this decision, unsure whether or not family banking cord blood is worth the cost. The best decision is an educated one, banking in either a public or a family is worth consideration.
One of the biggest challenges for many expecting parents who are considering banking their child’s cord blood is the cost. The cost is not as much as some believe; most family banks offer parents affordable payment plans to ease the financial burden. For example, at Insception Lifebank, we offer several payment plans, which allow parents to pay in installments. There is also the compassionate Medical Need Program- Wings of Hope – that waives the processing fees for those with a family history of illness.
Parents should also be well-aware of the differences of family banking, as the banked cord blood unit is kept for their own use only. When parents donate their child’s cord blood to a public bank, it can be used to help any individual who is a match. 1
1 Outcomes after related and unrelated umbilical cord blood transplantation for hereditary bone marrow failure syndromes other than Fanconi anemia-haematologica | 2011; 96(1)