Today we will discuss Family Planning: Deciding to have kids always comes with high expenses. This is particularly true for LGBTQ clients, where the process itself may be more costly. The least expensive option for folks in this demographic to have a child is usually through the foster care system and adoption. The fertility process for biological children may be far more expensive, with procedures ranging from under $5,000 for (IUI) up to $40,000 or more for (IVF). Gay men who want a biological child may experience even higher costs, possibly well into the six-figure range.
It's important for a client to reach out to their HR department at work to determine what type of benefits are offered for this process. Insurance often does not cover most of these costs, so planning should begin years in advance to develop a sufficient cash cushion.