Individual Maternity Plans
Individual Medical Plans with Maternity Coverage
Individual medical plans with maternity coverage often come packaged with a rider: a long waiting period before you can become pregnant, or a big deductible you must satisfy before you are eligible for benefits. Individual plans with a rider may be the only coverage option for couples who don’t have employer sponsored health plans.
Individual Medical Coverage by State: Maternity Options
Eighteen states mandate individual and/or small group maternity coverage. Some mandate coverage, while others require only that insurers offer a medical plan that provides pregnancy benefits. Some state mandates apply to individual policies, while others apply only to small group coverage. Know the rules in your state.
Personal Maternity Coverage That Fills Holes
You can buy personal maternity policies at work through a payroll deduction. You own the policies, so they go with you wherever you work. By purchasing at work you get the advantage of group benefits and underwriting, without needing your employer to own the policy or make a contribution.
Supplemental maternity insurance provides a solution that fills holes in many individual insurance plans. There are no waiting periods to satisfy before getting pregnant, and no deductibles to meet before benefits begin. Normal pregnancy is covered, along with complications, and premature birth. These policies provide the ideal middle ground for many families whose employer does not offer a group plan.
Individual policies leave enormous gaps because of the expected loss ratios, so insurers insulate themselves with deductibles and waiting periods. You can get coverage for a planned medical event, and take advantage of the medical loss ratios for yourself: group coverage with pregnancy benefits sold as individual policies. Get the best of both worlds.
Individual Maternity Rider Policies
Individual medical plans with maternity coverage is your next option if you can't get coverage through an employer. Many employers choose not to offer health insurance because there is a direct cost: insurers require that employers pay a percentage of the premium.