Enrolling with CBR

Sign-up with CBR (Cord Blood Registry)

We signed up with CBR when our baby was born, and are clients of CBR. So, we are able to offer a special price meant for family & friends of CBR clients. If you need any additional information about the savings, do feel free to leave a question/comment using the form below -- we love to hear from you.

Contact us at cbr.coupon@gmail.com .

Is cord blood banking a qualified expense under FSA

Here's some info from this article....has anyone successfully used FSA for cord blood banking?

Your employer may offer a benefit known as Flexible Spending Accounts (FSA). FSAs are specifically designed to provide some tax relief for health care expenses. Employees that take advantage of FSAs must decide at the beginning of each year how much money to withold from their regular paycheck. This money will be put into the FSA and is only taken out on a tax-free basis for medical expenses that qualify under your plan. Check to see if your employer's FSA plan considers cord blood banking as a qualified expense. If so--you can avoid paying taxes on the money spent for the procedure.

Is Cord Blood Banking Tax Deductible?

I was reading an article on whether cord blood banking is tax deductible. If you itemize expenses on your 1040 form, you can claim a deduction for any medical expense which exceeds 7.5 percent of your Adjusted Gross income. To help you figure out what is and is not deductible, the IRS publication number 502 titled "Medical and Dental Expenses" will give you a listing of allowed deductions. This publication makes no mention of cord blood banking. I wonder if any of the tax experts have an opinion on whether cord blood banking is tax deductible?

Banking cordblood in a private bank

We researched this option as well. Needless to say -- with this option, the cordblood is reserved for your use if your family ever needs it.
Banking is certainly not cheap (it turns out to be appoximately $200/year, including both the initiation and storage fees). But, as one of my friends said, this is much cheaper than auto insurance. After talking to a few people and our OBGYN, we narrowed down to two companies -- CBR and ViaCord