What are my options to bank my baby’s cord blood?
In Australia, there are two options:
1. Donate to a Public cord blood bank. If an altruistic nondirected donation is chosen, donated cord blood is made available to all patients in need of a blood stem cell transplant in Australia or overseas. No fee is charged for storage. This cord blood will not be kept specifically for your family’s use. In special circumstances, your baby’s cord blood will be made available for use by your baby or another family member, if it is still in the bank.
2. Storage in a Private cord blood bank for potential use only by your baby or other family members. These banks are private companies and charge a fee for their processing and storage services. The main idea behind storing your baby’s blood in a private cord bank is that one day, your child may become ill and you may be able to use those stem cells for treatment. Parents should be aware that many diseases cannot be treated with stem cells, especially if the disease is genetic in origin. This type of banking cannot be viewed as a health insurance policy.
In New Zealand, the only option is to have it banked privately.