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Federal Tax Credit for Infertility Would Increase IVF by Thirty Percent
on Dec 26, 2013
by Dr. Renee Hanton, MD
You might have heard of the Family Act before. It was first introduced in 2011, and then reintroduced in 2013. The Family Act is legislation that would help to increase access to fertility treatments to families who need them most.
You might have heard of the Family Act before. It was first introduced in 2011, and then reintroduced in 2013. The Family Act is legislation that would help to increase access to fertility treatments to families who need them most. The Family Act is modeled after the successful Adoption Tax Credit. It would provide a tax credit for half of the cost of IVF treatment and fertility preservation to families who have to undergo these treatments. This legislation would be a huge help to families who don’t have the financial resources to pay for fertility treatments any other way, but still want to be able to have a family of their own. Claim Your 20 Free Pregnancy Tests – Click Here
Many people are not aware, but the need for such fertility legislation is great. According to a 2013 RESOLVE survey of more than 1600 individuals who have been diagnosed with a fertility issue, only 46 percent have insurance, and those insurance plans do not cover infertility treatment. 15 percent of the survey participants had insurance which covered fertility treatments, but that insurance only covered 25 percent of the cost of the treatment. There is a huge need for some way to help offset the burden of these expensive treatments for Americans who struggle with infertility.
“Survey after survey demonstrates, and our long experience supporting patients confirms it, that the out-of-pocket costs for fertility treatments are the greatest barrier to accessing care or continuing with a course of treatment,” said Barbara Collura, President & CEO, RESOLVE: The National Infertility Association. “This adds a tremendous burden to an already life-altering diagnosis of infertility.”
Collura says that the impact of the Family Act on infertility in America would be astounding! According to the surveys that RESOLVE has done, Collura thinks that the utilization of IVF and other reproductive therapies would increase by more than 30 percent. That is huge for the world of infertility, and would open the door to fertility treatments to so many couples out there who otherwise wouldn’t have access to these types of treatments. The Family Act would be a great way to reduce out of pocket costs for families to help them afford fertility treatments, including IVF, prescriptions, embryo transfers and more. If someone is diagnosed with cancer and the treatment or disease may result in infertility, the Family Act even covers the out of pocket costs of fertility preservation procedures. Everyone that wants to be a parent should have the opportunity and the means to do so, and the Family Act is something that will help to make that possible for more people than ever before.
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Dr. Renee Hanton is ConceiveEasy's Senior Physician with expertise in the diagnosis and treatment of infertility. Dr. Hanton specializes in the endocrine causes of infertility, such as polycystic ovary syndrome (PCOS)