IVF Loans - Save Your Credit Score With Supplemental Insurance

If you are considering taking out a loan to pay for your IVF treatments consider using a portion of your financing to purchase supplemental insurance. Not only will you protect your credit score, but you will gain peace of mind and some extra income to enjoy bonding with your baby.

Many couples find themselves in a tough spot: In Vitro Fertilization gives them the best chance of finally having that baby, but their health insurance will not cover the treatments. Many of these couples don't have a large enough nest-egg built up to cover the costs of IVF treatments - so they borrow money and hope to pay it back over time. Some couples can find financing specifically for IVF, while others use credit cards or borrow against the equity in their home.

Dangerous Gamble

Borrowing money to pay for IVF treatments is a dangerous gamble for many couples. The added expense of the IVF treatments is often just the tip of the iceberg. What many fail to consider is that finances can change dramatically when In Vitro Fertilization works: you conceive and deliver a baby.

Getting pregnant and having a baby adds extra expenses for food, clothing, furniture and more. Plus, there is mom's lost income to take into account. At minimum she may be losing six weeks of income for her normal labor and delivery.

What should be a happy time sometimes works out the opposite: mom experiences pregnancy complications, or the baby is born premature and spends weeks in the hospital. Sometimes this translates into months of lost income for mom's disability, and then an extended family leave to care for your infant at home.

When this happens the regular bills start piling up, and then the extra loan payments start to kick in - just when you are taking a big income hit. Your credit score starts to plummet making it more difficult to find additional financing.

Supplemental Insurance Protects Financing

Use some of your loan proceeds to fund the purchase of supplemental insurance before starting IVF. Your benefit for normal delivery may greatly exceed the premium you pay helping you offset your IVF costs.

Plus you are also covered in case of pregnancy complications and premature birth giving you the financial freedom to get healthy without worrying about your bills and your credit score.