Just a request...
If you decide not to store the cord blood for yourselves, PLEASE DONATE IT!!! This procedure is totally free of cost (although your own doctor might add a little fee--some states have now passed laws against that), and it can make a life-or-death difference for another child, or even for someone's grandma or grandpa!
If you're already researching cord blood storage, you're well aware of the medical miracles that can be done with this stuff that's dumped out by the bucketful all day long in hospitals across the country. Cord blood is a far richer and more effective source of stem cells than the pro-embryo-harvesting politicians would want you to believe. Already, people have been cured of leukemia, sickle-cell anemia, and other life-threatening diseases, with far less risk of rejection than they would have from bone-marrow transplants. It's even been found that brain damage in stroke victims can be reversed if they are treated with cord-blood stem cells within 48 hours! I don't know about you, but by the time I'm a grandma, I want that to be standard procedure! And in this country, we have the biological resources to do it.
You may have cause to take the precaution of storage for yourself; and if so, go for it. You'll be set to take full advantage of the medical advances of the future. Otherwise, though, the crises and "what if's" you're worrying about for tomorrow are already a heart-wrenching reality for hundreds of mothers out there today. Especially if you and the father both happen to be from the same minority race--that cord blood is GOLD. (From what I've read, it's next to impossible to match bone marrow for minorities--there just isn't a big enough donor pool.)
I donated my daughter's cord blood when she was born, and did it through Cryobanks International, which is headquartered just up the road in Altamonte. At the time, it seemed like nobody I asked (even in the childbirth field) had heard of donation--only paid storage. The procedure was no problem at all. Cryobanks takes a detailed health history (questionnaire) of you and the father (he doesn't have to be there, you can bring the paper in), takes a blood sample from you to screen out any risks, then gives you a kit to bring with you to the birth. (Make sure you take care of all this before your 30th week or so). Your doctor/nurse/midwife does the rest, and a courier comes along to the hospital/clinic later to pick it up--free! It's painless--done after the cord is tied and cut, while you're bonding with your new bundle of joy.
Make your baby a born hero!!! Please donate what you don't save for yourselves!