Q&A: What's Cord Blood Banking?
My doctor mentioned something about cord blood banking, but I've never heard of it before. What exactly is it and why should or shouldn’t I do it?
Even after the umbilical cord has been clipped, it can still act as a lifesaver. The blood stem cells that remain in the cord can be used in transplant procedures to treat health problems like leukemia, sickle cell disease, severe combined immunodeficiency and metabolic disorders. Cord blood banking offers the opportunity to retrieve and preserve these valuable cells in case they're later needed.
The biggest con of cord blood banking? Cost. The initial fee ranges from $1,000 to $2,000, with annual storage fees up to $100. If you can't afford to store, don't drive yourself crazy — in the unlikely situation that your child does develop a serious disorder, traditional treatments like bone marrow transplants should also be available. You also might consider donating baby's cord blood to a non-profit blood bank and making a difference in another child's life.