The Business Of Fertility Finance

When the US economy was still lagging, lenders were struggling to find new clients as Americans tightened their spending and hunkered down for the remainder of the financial crisis. However while the economy slowed, Americans' biological clocks continued ticking leading to the emergence of a multi-billion dollar industry that continued to thrive long after the recession ended— fertility finance. Fertility Lenders Back in 2012 when money was tight, lenders specializing in fertility treatments began to emerge. Couples who were unable to secure traditional loans or use credit cards to pay for in vitro fertilization treatments had the option of taking out a loan with a "fertility finance" company. Companies like NBT Bancorp NBTB offered hopeful couples the opportunity to take out a loan by partnering with doctors at fertility clinics who could recommend the loan service. Still A Thriving Industry Fast forward to 2015 when economic improvement has been steady and oil prices have given most households a bit of extra spending cash, and the industry is still booming. IVF treatments remain expensive at upwards of $15,000 per attempt and the number of couples requiring treatment has been steadily rising. More Candidates For IVF Women have started to put-off their plans for a baby until their late 30's or early 40's, upping the risk that they won't be able to conceive and making IVF an increasingly necessary option. However, with the chances of conception through IVF just 30 percent on any given attempt, many couples require several rounds of treatment. For that reason, companies like IntergaMed Fertility offer a wide range of loan options for couples who need to pay for IVF. Making Fertility Treatment Accessible Most insurance companies don't allow for fertility costs, making IVF an out-of-pocket expense. Fertility finance companies are looking to make fertility treatments available for couples of any income and mitigate some of the risk that the treatments won't work at all. Some companies even give couples a "money-back guarantee" in case the treatment is unsuccessful.