Infertility: Does This Sound Like You?

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Infertility: Does This Sound Like You?
If you are battling infertility there may be help financing IVF.

The Family Act covers the out-of-pocket costs of fertility preservation procedures if the man or woman is diagnosed with cancer and the cancer treatment or disease itself may result in infertility.

The Family Act has a cost sharing provision allowing 50% of all applicable medical expenses to be covered up to a lifetime maximum of $13,360.

 

You would need to have out-of-pocket costs totaling $26,720 to claim the entire credit in your lifetime.

If you do not owe taxes in a particular year, do not owe enough taxes to use the whole credit, or do not reach the max amount in one tax year, it carries over to the next year for a max of five years after the first year you use the credit.

The Family Act is available to couples filing jointly with adjusted gross incomes of less than $222,520, but the credit is smaller for those earning between $182,500 and $222,520.

      I am a father of an IVF child. We did several rounds of IUI and a couple IVF cycles before we got lucky. I am a veteran of the emotional rollercoaster. Our first IVF was covered under insurance but our second one was not. My wife is my hero. We were fortunate enough to have afforded the bills associated with that cycle but it was I was always conscious of how it would affect my wife had it not worked. We would have benefited from a bill like the Family Act. Go to Resolve.org to get information on the Family Act and get links there on the bills progress. On April 26, 2012 Resolve will be hosting an Advocacy Day in Washington DC in support of the Family Act. Please consider becoming an advocate. We need to educate our elected officials about the science of assisted conception and the impact is has on people who need medical help to have children. If you cannot go to DC write a letter to your states House and Senate members. Resolve.org has links to help you reach out. If you have a blog shake all the trees you can with your words and thoughts. Attain Fertility has great information constantly flowing on the Family Act as well. I have created my own page on Facebook called “Fertility News You can Use”. I am trying to make my Facebook page a sounding board for veterans of and present members of the infertility process. I invite everyone to post stories and news links there for all to share. I wish you all the best in your journey.

      About the blogger: My name is Andy Thornhill and I have also written an Ebook on my family’s journey called “The Longest Love Letter”. It is available for the Kindle and Nook. Please feel free to contact me through this blog page or on Infertility News You Can Use.