- Cord blood contains stem cells that are used in the treatment of chronic illnesses such as leukemia and anemia. Research is using stem cells to find cures for head injuries, cancers and Parkinson's disease.
- Deciding to bank your child's cord blood may protect a family member in the future. Cord blood is frozen for future use and stored by a banking company. The use of cord blood by a family member increases the chances of survival by recipients. Cord blood can be used for research or public donation through a general blood bank.
- Banking cord blood for personal use can cost $2,195 for the initial fee and one year storage fee. Banking tissue and blood can cost $2,915. Annual storage fees run around $125. Some banking companies offer hardship programs for families that have an existing member with a life-threatening disease that can benefit from cord blood.
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