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Stem Cell Banking & YOUR Taxes: what you need to know about Uncle Sam

Updated: Apr 26, 2022

Tax season rolls around every year and many of us often find ourselves wishing we’d been smarter about benefits and deductions. Did you know that some insurance companies will cover fees and in certain circumstances, you can use an FSA or HSA to pay for stem cell banking? That’s right! Bank your stem cells with Hope Bio in 2021 to safeguard both your health and your money.

The bottom line: Hope Biosciences uses patent-protected technology to grow and care for your cells, making it the only clinical grade stem cell banking company for adults and newborns in the nation. Not only do you want to bank your cells, you want to bank with hope, at Hope.

The classic Come and Take It Texas graphic, but using an electrical pipette as a symbol for our stem cell manufacturing technology at Hope Biosciences. Our Cells, Our Futures.
Bank with Hope, at Hope. Visit for more information.

At Hope Biosciences we bank 100% pure mesenchymal stem cells (MSCs) harvested from adult fat or from the placenta in newborns. We then multiply the cells to create a master cell bank that can generate a lifetime’s worth of cells. These cells have a wide variety of functions, giving them so much potential for the fight against degenerative disease. Banking is easy, comfortable, and safeclick here for a video overview of the entire process.

There is no time like the present to take action. Your body naturally loses stem cells as you age, which is why, for instance, cuts and scrapes heal more slowly as we grow older. Your stem cells will never be as strong or prolific as they are right now, today, while you’re reading this. What does all that mean? It means you want to bank now.

Some insurance companies state coverage for stem cell banking, including Humana and Cigna, which advertise that they will cover medically necessary cell therapies that meet certain safety parameters (safe and secure clinical trials are administered through the Hope Biosciences Stem Cell Research Foundation — click here for more). Other groups advertise coverage of cell therapies for certain types of diseases.

Wondering about using your Flexible Savings Account (FSA) or Health Savings Account (HSA)? According to IRC Sec 213, medical expenses are defined as “the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body including dental expenses.” While it certainly sounds like MSC banking should qualify, legislation has not quite caught up to the science, and as of this writing banking is not widely considered eligible or deductible. There is encouraging news for those who can prove medical need to treat a current or imminent condition, with a “letter of medical necessity” from a physician — in these cases, banking can be paid for with funds from and FSA or HSA.

Ready to put your dollars to work protecting something you can’t put a price tag on — your health, and the health of your loved ones? Reach out to Hope now, with hope.

(P.S. We appreciate financial professionals, because we are not. Check with yours.)

Three of our Stem Cell Manufacturing Technicians, University of Houston Alumni, who have banked their stem cells at Hope Biosciences.
Bank with hope, at Hope (visit for more information)

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