Supplemental health insurance that covers In Vitro Fertilization does so indirectly. Most traditional plans will not include the treatments unless required by law. Carriers want to see uncertainty, which you can show. You are not pregnant yet!
Supplemental health insurance for IVF covers the hoped-for treatment result: the pregnancy, birth of your infants, and mom’s maternity leave. You can purchase private policies with no waiting period.
- Supplemental plans covering treatment results
- No waiting period before beginning
- Private policies you own and keep indefinitely
Supplemental Insurance Covering IVF Treatment Results
Supplemental health insurance that covers In Vitro Fertilization treatment results reimburses some of your expenses when you conceive and deliver a perfectly healthy baby. This is your objective after all, right?
Traditional health insurance for IVF is extremely rare. Most plans will not include the treatments unless required to by law. Most couples looking for a plan already know they will use the benefit. You have to introduce uncertainty in order to find a carrier willing to enter the game.
Prior to your next cycle, conception is an uncertain medical event. Purchase before your next cycle to for this likely, yet still uncertain outcome. Reap the rewards nine months later, or sooner, when mom leaves work and when your infants are born.
Supplemental health insurance covering IVF treatment results replaces a portion of mom’s income when she needs to stop working due to pregnancy and/or childbirth. Most families face an unpaid maternity leave.
Short-term disability insurance reimburses a portion of mom’s income if she needs bed rest prior to delivery, and while recuperating from childbirth. Hospital indemnity insurance makes benefit payments when mom checks into the hospital to delivery her baby.
Make certain to make your purchase before beginning your next cycle. The effective date must begin prior to conception.
Supplemental health insurance covering IVF treatment results also addresses a large exposure many couples fail to consider until it is too late. Your fertility clinic may insert several fertilized eggs to improve your odds of conception. This also increases the odds of twins and triplets.
Multiple pregnancies are often high-risk, and deliver pre-term. Do not take out a loan to finance your next cycle without first protecting against these risks.
A high-risk multiple pregnancy may force mom to miss months of work prior to delivery. Short-term disability may replace a portion of her income during this time, allowing her to get the rest she needs without worrying about finances.
Twines and triplets often deliver prematurely. Your infant(s) may spend time in the neonatal intensive care unit (NICU), and you may be left with extra medical bills. Hospital indemnity pays an additional benefit for each newborn confined to the NICU for medical reasons.
Some plans may pay up to $3,000 per person admitted. A couple delivering twins early might expect a $9,000 payout from a plan costing $50 per month. The odds of conceiving twins after a multiple embryo transfer range up to 35% for women under the age of 30. Do the math!
Health Insurance for IVF No Waiting Period
By covering the uncertain event of the intended treatment result, supplemental policies allow for health insurance for In Vitro Fertilization with no waiting period. The programs begin immediately subject to certain exclusions and exceptions.
No Waiting Period for Coverage
There is no waiting period for supplemental health insurance covering IVF results. Provided your policies begin prior to conception, benefits for any pregnancy-related medical conditions begin immediately.
Couples often have other medical conditions besides infertility. These policies also address a wide array of other maladies with no waiting period. Women purchase the programs for the intended pregnancy, and often find they them when they have accidents, or become seriously ill.
Waiting Period Exceptions
If something sounds too good to be true, it probably is. Supplemental health insurance covers IVF results with no waiting periods, but with certain exclusions and exceptions.
There is a 12-month exclusion for preexisting medical conditions. In the context of this topic, this exclusion applies primarily to accidents and illnesses. Provided you purchase before your next cycle, your resulting pregnancy will not be preexisting.
Short-term disability contains elimination periods, which many refer to as waiting periods. The elimination period defines how long before claims payments begin. Pregnancy a covered sickness, and has a separate elimination period. Most contain a one or two-week elimination period for sicknesses.
Private Health Insurance Coverage IVF
Supplemental policies including treatment results also act like private health insurance coverage for In Vitro Fertilization, but with a twist. We saw before that carriers shy away from medical events certain to happen soon after the policy begins. They decline to include expected medical events even in large group plans where they can pool risks.
The same concept applies to uncertain, but likely events such as normal childbirth. Carriers shy away from offering individual plans sold privately. However, they will offer private plans through worksite groups, which may be the best resource for financial assistance most coupes will find.
You can purchase private supplemental health insurance coverage for IVF at your worksite. Private policies sold directly to individuals do not include benefits for normal childbirth. However, private plans sold through worksite groups do. Employees pay the premiums themselves through payroll deduction, so employers can easily make the options available to everyone.
These are private policies owned by individual employees, and not the group. If you separate from your employer, you can keep the plan in force by making premium payments directly.
Federal Government Employees
Federal government employees already have the option to purchase private supplemental health insurance for IVF results. Most are completely unaware that several carriers offer short-term disability for federal government employees. They can purchase a private program covering normal childbirth by completing a phone interview, and setting up deductions through their pay center.