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It costs money to store your baby's cord blood. Private banks charge about $1,000 to $2,000 to start. Then you must pay yearly storage fees for as long as the blood is stored. The storage fees cost more than $100 a year.
In short, the American Academy of Pediatrics and the American Medical Association recommend against storing cord blood as a form of "biological insurance," because the benefits are too remote to justify the costs.
Private cord blood banking can be expensive. Depending on the bank, current promotions and whether you're storing cord blood, cord tissue or both, initial processing fees can run from roughly $500 to $2,500, with annual storage fees of $100 to $300 each year thereafter.
Is cord blood banking tax deductible? Cord blood banking may be tax deductible under certain circumstances. If your child or family member has a medical condition with an immediate need for an FDA approved treatment with cord blood, the cost of collection, processing, and storage may be tax deductible.
\u201cGlobally, around 50,000 cases of cancer have been treated with stem cells from cord blood, but banking is not a feasible solution because the amount preserved is not enough for bone marrow transplants in adults,\u201d says Dr Dharama Choudhary, bone-marrow transplant specialist at BLK Super Speciality Hospital.

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In general, cord blood banking may be covered by medical insurance, recompensed by a Health Reimbursement Arrangement (HRA) or eligible for pre-tax dollars from a health savings account (HSA) or flexible spending account (FSA) if it is going to be a part of a proven treatment for an existing or imminently probable ...
Stem cells from the child's own cord blood often cannot be used, because they may have led to the disease in the first place. Much research is being done to see if stem cells can be used to treat more problems. For now, though, treatment is limited to diseases that affect blood cells.
When stem cells come from another person, the stem cells must have similar genetic makeup. Usually, a child's brother or sister is a good match. A parent or even an unrelated person sometimes can be a match.
It costs money to store your baby's cord blood. Private banks charge about $1,000 to $2,000 to start. Then you must pay yearly storage fees for as long as the blood is stored. The storage fees cost more than $100 a year.
Well, stem cell preservation cost in India varies from Rs. 50,000-80,000. But different factors can affect stem cell banking costs in India, which include: City.

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