Molly Benjamin, founder of Ladies Finance Club, shares her experience with egg freezing. They discuss motivation, societal expectations, process, pain level of injections, and costs. They also consider funding options and cautionary financial red flags in relationships.
Egg freezing is a process that allows women to preserve their fertility by extracting and freezing their eggs for future use.
Egg freezing can be a significant financial investment, with costs varying from clinic to clinic.
The decision of whether to share the cost of egg freezing with a partner should be based on personal circumstances and mutual agreements.
Deep dives
The Process of Egg Freezing
Egg freezing is a process that allows women to preserve their fertility by extracting and freezing their eggs for future use. The process begins with a consultation with a fertility specialist, who will explain the options and likelihood of success based on age and egg quality. After initial tests and hormone injections to stimulate egg production, the eggs are retrieved through a minor surgical procedure. The eggs are then frozen and stored for as long as desired. It's important to note that while the process has high success rates, it is not a guarantee of future pregnancy.
Costs of Egg Freezing
Egg freezing can be a significant financial investment, with costs varying from clinic to clinic. On average, the process can cost between $6,000 and $10,000, excluding ongoing storage fees. Some private health insurance policies may cover certain aspects of the cost, but the actual egg freezing process is usually not covered. It's important to create a financial plan and consider options such as separate savings accounts or potential assistance from family members if needed.
Factors to Consider in Egg Freezing
There are several important factors to consider when deciding to pursue egg freezing. These include age, fertility levels, emotional readiness, and personal goals. It is recommended to have discussions with healthcare professionals, such as doctors and psychologists, to better understand individual fertility levels, potential risks, and emotional implications. Ultimately, the decision to undergo egg freezing is a personal one, and it's important to gather all the necessary information to make an informed choice.
Relationship Dynamics and Cost Sharing
The decision of whether to share the cost of egg freezing with a partner should be based on personal circumstances and mutual agreements. While some partners may choose to split the cost, others may choose individual responsibility for financial reasons or other considerations. Open communication and transparency about expectations are key in navigating these discussions. Seeking advice from financial advisors can also provide clarity on the financial impact of sharing costs or taking on the full burden individually.
The Importance of Planning and Support
Egg freezing is a process that requires careful planning and consideration. It's important to seek support from trusted friends, family, and professionals throughout the decision-making process. Having a supportive network can help alleviate emotional stress and provide guidance in making informed choices. Additionally, creating a dedicated savings account and exploring potential financial assistance options, such as superannuation withdrawals, may help manage the costs associated with egg freezing.
Fertility preservation methods like egg freezing is becoming an increasingly common option that people might consider for health or personal reasons. In today's episode Glen chats with special guest Molly Benjamin Founder of Ladies Finance Club who went through the process of having her eggs frozen and was kind enough to share the ins and outs of her experience with us. Glen and Molly touch on:
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