In Vitro Insurance
Health Insurance Coverage for IVF | In Vitro Fertilization
IVF health insurance coverage is hard to find. Most medical plans don't provide an allowance. In Vitro Fertilization can cost $12,000 or more, and who knows how many cycles you will need. How do you afford paying for multiple cycles, getting pregnant, and having a baby without going broke?
Make getting pregnant and bringing home a baby more affordable: take advantage of what is available.
Key IVF Insurance Topics
Finding Health Insurance That Covers IVF
Finding health insurance that covers IVF is the holy-grail for couples undergoing in vitro fertilization. Insurance that covers IVF is rarely offered unless compelled by state law. Know which states have infertility mandates, how each work, and who they apply to. If you live, work, or work for an employer headquartered in one of the mandate states, you might be one of the lucky few. Even if your state mandates infertility coverage you need to know the law thoroughly.
Sometimes In Vitro Fertilization will be covered, and sometimes not. Some mandate that medical plans cover IVF, but no other infertility procedures. While other times it’s the opposite: IVF is covered, while other infertility treatments are not. Other mandates apply across the board.
Supplemental Insurance for IVF: Refund on Delivery
Supplemental insurance for IVF provides coverage for when you conceive and deliver a perfectly healthy baby. This is your objective after all, right?
IVF is often associated with multiple pregnancies, as several fertilized eggs are often inserted to improve your odds of conception. Multiple pregnancies are often high-risk, and deliver pre-term. Your infant(s) may spend time in the neonatal intensive care unit (NICU), and you may be left with extra medical bills.
Supplemental maternity insurance is an ideal health plan for couples in this situation: it pays benefits for normal delivery, complications, premature birth, with an added bonus for multiples born pre-term. Follow the link to see how this works.
No Health Coverage for IVF? Financing Options
Health coverage for IVF may leave you with leftover expenses: if you can find it. Some plans will place limits on the number of cycles covered, while others will require you to utilize other infertility treatments for several years before approving benefit payments. The whole process is draining emotionally as well as financially.
Paying for IVF
We were about to take out a huge loan to pay for IVF. Good thing we found some alternatives, because my multiple pregnancy and pre-term delivery would have made repaying that loan very, very hard.
No In Vitro Coverage? Stick Uncle Sam
Without In Vitro benefits you have to cut spending at every corner. Your unreimbursed medical expenses associated with getting pregnant are tax deductible. These deductions may cut your spending depending upon your income, and your level of unreimbursed expenses.
IVF Insurance Coverage: Make an Informed Bet
Individual IVF insurance that directly pays for your procedure do not exist. Individual IVF coverage will refund a portion of your costs for a certain number of cycles. The "in vitro fertilization insurance" rebates a portion of costs if you fail to conceive or delivery a baby.
* You fail to get pregnant - You are refunded a portion of your investment
* You conceive and deliver - Your spending is just beginning. First, you are responsible for the full price of your cycles. Then you may experience a high risk multiple pregnancy, incur additional medical expenses, and/or miss unplanned time from work. You then will lose mom's income during her maternity leave. Then there is the cost of raising your child(ren).
If you can't afford IVF treatments that fail to work, how can you possibly deal with the extra expenses and lost income? Plus, you will be betting against the infertility clinic armed with better information, more experience, and deeper pockets.