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Has anyone used super for ivf?
10 replies to this topic
Posted 06 January 2020 - 12:24 AM
After 2 ivf rounds and 3 miscarriages in a row im about to start the crazy ride again. However i have burnt through my savings and would need to wait another 6 months to save up again (which will make me 36). Also after the recurrent miscarriages i want to do PGD testing and need more donor sperm which makes it very expensive to start.
Im considering using my super to fund at least the next round of ivf. The clinic has recommended using one of those super companies but they charge almost $1,000 just to help with paperwork.
Has anyone used super? How hard did you find the process for getting the reports off the psychiatrist and doctors? Any problems?
Posted 06 January 2020 - 07:34 PM
I’d use a credit card with an interest free period before I’d consider super. Even paying interest would be less than $1000 if you pay it off within 6 months, so if you could save for it in 6 months a credit card is a better option.
Plus you’ll save time because getting a credit card will likely be easier than completing the super process. Of course this won’t work if you wouldn’t be approved for a credit card.
Posted 06 January 2020 - 07:42 PM
I used credit card in the same way Rosie described. Luckily, it was in the days of oking credit card increases easily. I also borrowed from family which allowed the financial juggling too.
I did consider those medical loan places. Do they still exist? I wonder if that's easier than super??
I had 7 miscarriages and it took over 5 years to have DS. I was about to do PGD my last cycle (it was only just coming in). You are being really sensible doing it in my opinion. It would have saved literally years of cycles and miscarriages for me. You may find if worse comes to worse, waiting 6 months may not be an issue with PGD. But I totally understand the urgency. My own egg counts dropped after 35 but the old saying was you only need (the right) one. I had two eggs collected my final IVF which is why I didnt do PGD in the end. Total lucky egg.
Are you a solo mum? (Just the mention of donor sperm and singular pronouns!). I am. I used a known donor so not a great deal of costs sperm wise (about 1500 all up tests, counselling and freezing). If you wanted to chat solo parenting, feel free! If you aren't, sorry if I've offended.
All the very, very best.
Edited by Mollyksy, 06 January 2020 - 07:43 PM.
Posted 06 January 2020 - 07:43 PM
I have used it for other medical expenses. The first time I went through a company and the second time I did it myself. It’s really straightforward and easy to fill in the form yourself. For IVF I have read that you may need a statement from a counselled or psychologist - maybe someone else here can confirm.
Just be aware that you will need to pay 20% tax on what you withdraw at tax time (for example, if you took out 10k, you will be liable to pay 2k in tax). However this can be offset by other tax refunds that you receive at the same time to reduce the amount owed.
One way to deal with this is to get a quote for more or more expensive treatment than you intend to use and keep the difference aside until you do your tax for the year. You don’t need to show receipts although you can be asked for them if you are selected to be audited. Even then, you can just say you changed your mind and that is allowed AFAIK. Good luck
Posted 06 January 2020 - 07:47 PM
I paid the $1000 application to start the process, but then had such a terrible time dealing with the company I walked away and didn’t continue. Redraw the mortgage instead. I suppose I was very emotional at the time, but felt like I was being pushed/forced into it - they also were talking like they guarantee an outcome and made me feel like they would work the system, which made me a bit uncomfortable. If it as my only option though (and It might be if need to do future rounds) I would suck it up.
Posted 06 January 2020 - 09:33 PM
I think youve just confirmed what i was thinking. Its gonna be a pain either way so may as well be a pain where i dont pay someone else to do it and still deal with the pain. Ill give the tax office a call tomorrow and find out which specialists (e.g. psychologist or psychiatrist) needs to fill the form in.
Posted 06 January 2020 - 09:35 PM
Sorry also meant to say that adter getting into a lot of trouble in my 20s with credit cards im not really too keen to go down that route now that ive gotten rid of them all. They're just a bit too convenient for me and never seem to be just for emergencies, even though i keep telling myself thats all i will use them for. Dont want to open that door again.
Posted 08 January 2020 - 08:08 PM
We are trying to access DP super at the moment but we are really struggling with getting a the appropriate medical person to sign it off. Our doctor said he isn't allowed to do the form anymore and we cannot find a psychiatrist in our area who is willing to complete it.
Posted 08 January 2020 - 09:37 PM
I’ve had to withdraw from my super previously for a different medical procedure. Wasn’t too hard and was a pretty quick process. Did need to get two separate forms signed by both a GP and a specialist but overall the process was pretty painless. I wasn’t able to claim any on tax as my understanding was that stopped in 2016 but I could be wrong, my accountant did his best in that regard but to no avail.
I wouldn’t go through the company, it’s all pretty explanatory and if you do need to get in touch with centrelink the staff are pretty nice, you may just wait a while on the phone.
Posted 09 January 2020 - 06:10 PM
I have decided to do it myself but am also having trouble finding a psychiatrist. Looks like i will have to wait till March to get in. Hopefully they will have a cancellation.
Posted 13 February 2020 - 03:14 PM
sorry to jump in here but we just used our super for our Frozen embryo transfer and the specialist we were able to use was our fertility doctor. We went through a company to help us get it but the two people to sign off were our fertility dr and our GP.
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