Future Family Expands 0% Interest Rate Fertility Financing Nationwide as Interest Rates Continue to Rise
The Finance Platform Expands First-Of-Its-Kind Plan to Families Across the U.S. as Personal Loan Rates are Expected to Increase Further This Year
SAN FRANCISCO–(BUSINESS WIRE)–Future Family, the leading family building platform that offers personalized payment plans for fertility care with built-in digital care and wellness support, today announced that its 0% financing option will be available in clinics across the country. This offering, which was previously available exclusively with renowned fertility clinic CCRM, is an industry-changing alternative that will reduce the risk of debt and credit damage in a period of sky-high interest rates and economic uncertainty. With personal interest loan rates expected to increase several more times in 2022, Future Family is continuing to innovate and offering customers flexible options to invest in starting and building their families.
Future Family’s 0% interest plan allows eligible patients at participating clinics to spread the cost of treatment out over 12 months and work with a personalized virtual fertility coach during treatment, all offered on platform. Financing is the smartest way to pay for fertility treatments, especially when compared to credit cards, which are used by just over 85% of patients, have an average interest rate of 19%, and credit limits that are frequently lower than the cost of treatment.
“After so much positive feedback from our exclusive launch with CCRM in July, we’re excited to be able to offer this unique plan in clinics across the country,” said Claire Tomkins, CEO and Founder of Future Family. “With record-high interest rates – and predictions that more increases are set to come in 2022, we’re proud to have a product that enables prospective parents to build their families with zero interest for up to 12 months, taking the stress out of paying for fertility care.”
The average cost for one cycle of IVF with medications is over $22,000, not including the cost of a surrogate or donor if needed, and many patients go through more than one round to achieve a successful pregnancy. Future Family’s competitive monthly plans offer an alternative to carrying a credit card balance or choosing a high-interest personal loan. While loans for mortgages or cars are the norm, many patients still put IVF on credit cards, much to their financial detriment as carrying a credit card balance can impact a consumer’s credit score and also rack up interest expense. Future Family has streamlined this process to ease the financial and emotional burden on many seeking to start their families.
Today, nearly 50% of people who visit a fertility clinic in pursuit of care and support do not move forward with treatment due to the high cost and complexity. Future Family is transforming the typically difficult and confusing experience with its platform, which combines payments to multiple providers into a streamlined and predictable experience bolstered by autopay and support from personal fertility coaches.
To learn more about Future Family, please visit www.futurefamily.com.
About Future Family
Future Family is where people start their fertility journey. The company’s mission is to make fertility care accessible and affordable to all. Future Family’s fintech and digital health platform brings together buy now pay later plans for fertility treatments combined with digital coaching by registered nurses for a complete patient solution. Future Family was founded by former SolarCity exec Claire Tomkins, whose own fertility struggles inspired her to improve the experience for others.
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