If you’re considering how to cover the cost of IVF, you might have looked into having IVF on the NHS. And if you’re one of the many who don’t qualify for NHS funding (or have already completed your NHS funded treatment), you might want to research taking out private health insurance for IVF.
Does private health insurance cover IVF?
Every private health insurance provider is different. It’s important to ask your provider for a full breakdown of what their policies include. Some might cover a full range of fertility treatments, including IVF. Others might only cover fertility testing. And others might cover no fertility-related treatments at all.
If they do cover IVF treatment, know that they may restrict your choice of doctor.
Another important factor is that a lot of fertility clinics won’t accept payment authorisation codes often used by lots of private health insurance providers. This means you’ll still have to come up with the money up front. Only once you’ve paid the clinic can your private health insurance provider reimburse you. But there can be a lot of admin involved.
Naturally, not everyone can afford to pay full treatment costs up front (it’s no secret that IVF costs can add up!). And waiting to save up might delay your treatment. Luckily, there is a new way to pay for IVF.
Introducing Gaia, IVF insurance you can afford today
“We felt like we’d hit a brick wall when we didn't qualify for NHS funding. One email to Gaia later, and we’re on our second round.”
Lyndsey, Gaia Member
We are Gaia, the world’s first IVF insurance provider. Backed by Lloyd’s of London, we exist so that you never have to pay for your treatment costs up front. We take care of the payments, so that you can focus on your treatment.
We know from experience that IVF isn’t just financially painful. It’s also emotionally and physically painful. Not to mention a constant learning curve.
That’s why our insurance plans not only cover all essential IVF treatments and medication, but they also cover 12 sessions of counselling, plus access to an embryologist, a support line, groups and events.
How does our Gaia Insurance Plan work?
“In the same way that you insure your house or your car, it’s security in case you need it and if you don’t need it then it hasn’t cost you the earth.”
Emily, Gaia Member
Let’s use an example. Meet Anna and Pete. Anna’s 34 and Pete’s 35.
Anna was diagnosed with an ovulation disorder. Anna and Pete are desperate to have children and pursue IVF treatment. They only have enough savings to cover one round of IVF. So they take their chances and pay for it out of their own pocket. Sadly, they don’t fall pregnant.
They want to continue, but can’t afford to pay for another round up front. Here’s what happens if they come to us for IVF insurance.
1. We personalise a Plan to you
Based on the information Anna and Pete give us – plus data from one million previous IVF treatments over the past 30 years – we offer them a quote insuring them for three more rounds of IVF.
2. We insure your journey and pay your clinic up front
Anna and Pete accept and sign their Gaia Insurance Plan. They pay us a premium to start a round – a fraction of its total cost.
We take it from there and pay their clinic up front.
3. Pay us back over time only if you have a baby
Anna and Pete don’t pay a penny until their IVF treatment is complete. They can focus all their energy on their treatment.
If they have a baby, they start paying back their treatment costs in monthly instalments at 0% interest for 12 months.
If they don’t have a baby in their insured rounds, they are covered by the premium/s that they have already paid – and they pay nothing more.
Here’s what actually happened to Anna and Pete. We insured them for three rounds. And they got pregnant and had a baby after two rounds.
They started their treatment safe knowing that if after three rounds, they didn’t have a child, they could walk away without any financial stress.
But how does Gaia make money?
People ask us this question a lot – and we’re always glad when they do. Our IVF insurance can only relieve you of your financial burden if you understand exactly how we keep our lights on.
We make money by taking a small fraction of the premiums that we collect from our Members. This helps us make sure that we can continue to support IVF patients on their fertility journeys, both now and in the future.
How much does IVF cost with insurance?
Just like with any other insurance, your premium is separate to the cost of your treatment. The premium that you pay us at the start of each round is typically around 20-30% of your fixed treatment price.