Cord Blood banking and Cord Blood storage is not always covered by health insurance unless the Cord Blood Banking is medically needed due to health problems or if your family has a history of Cancer such as Leukemia.
Most times though Cord Blood Banking or Cord Blood storage will need to be paid for out of a persons pocket which is not really expensive but not cheap either.
Cord blood banking costs from $1,500.00 to $2,500.00 for the initial collection and storage of the cord blood and then there's an additional yearly fee of $95.00 to $125.00
The initial cost of cord blood banking is the most expensive while the yearly storage cost of cord blood is the cheaper part.