Do family cord blood banks cover the cost of using the stem cells for therapy?

In general, NO. The obligation of family banks is to store the cord blood. The contract between the parents and the bank does not cover the costs of therapy. In some countries the costs of a cord blood transplant are covered by the national health service. If you live in a country where these treatments are not free or would like to have the option to have them done abroad, we recommend searching for a bank that has an insurance partner providing cord blood insurance, or perhaps you can purchase a separate insurance policy for this coverage.