When you make the decision to save your baby’s umbilical cord blood in order to preserve the immature stem cells, you still have at least one more decision to make: Are you going to deposit the cells in a
- Public Cord Blood Bank
- Private (Family) Cord Blood Bank
There are two kinds of Umbilical Cord Blood storage centers. One is private and stores the cells for an initial processing fee plus an annual maintenance fee. They collect, process, freeze and store your baby’s cells in case the child or the immediate family should need them in the future. The processing fee can be as little as $750 or as much as $2,000 and annual storage fees range from around $100 to $275 or more. The other is absolutely free.
Public Cord Blood Banks
You may prefer to use one of the dozens of public cord blood bank located throughout the world. They process and store Umbilical Cord Blood free of charge. However, if you don’t bank privately and the need arises to find a stem cell match, the hospital may charge a $35,000 fee to your hospital bill.
Public cord blood centers make their cells available to anyone that needs a transplant as long as they match the inventory that the bank has available at the time. This means that if you used a public bank but your own donation was already gone, you would be permitted access to other donated stem cells.
By searching for compatible stem cells you will have to undergo an HLA match. Your physician may be able to help locate a match through public cord banks but in many instances could take weeks, months or even years. Donating to a public Umbilical Cord Blood is a charitable thing to do, and can help other families in need of needed stem cells, but will they still be readily available when you need them?
Private (Family) Cord Blood Banks
With USACordBank’s private cord blood banking, we store & secure your child’s cord blood, making it accessible to you in a moments notice. Like any other major decision you make you should ensure that you not only getting the best price but to find the bank that has the latest equipment and most stringent protocols to keep the cells safe and viable.
With private banking, some insurance carriers may even pay the cost, if it is proven that a sibling will have need of the cells some time in the future. It saves the insurance carrier significant cost in treatments since they see storing stem cells as a biological insurance policy.
Once you decide the type of bank you’ll be using to store your child’s stem cells you should make sure that it operates a fully FDA registered facility. All stem cell banks are required to be approved by the FDA. The FDA mandates that all cell banks undergo regular inspections and audits and meet their standards of equipment, storage, record keeping, packaging and labeling.
Also ensure that the Cord Blood company owns it own storage facility and are not simply a reseller or distributor of cord blood. Who knows if they adhere to the most stringent protocols when it comes to collection, shipping and storage.
USACordBank can proudly state that we are one of the very few Laboratories fully Licensed & Accredited by the FDA for all Established Umbilical Cord Blood Functions
- Learn More: The Advantages of Cord Blood
- Learn more: Cord Blood vs Cord Tissue
- Learn more: What is Cord Blood
- Learn more: What is Cord Tissue
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