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Supplemental Maternity Insurance Supplemental maternity insurance is an important benefit for couples planning a pregnancy. It creates maternity leave income, plus security for the unexpected at no additional cost.
Supplemental maternity insurance is vital coverage for couples trying to conceive. They often experience a five step sequence that spells financial disaster:
Supplemental insurance for maternity addresses these concerns using two insurance policies:
Supplemental Maternity Insurance: Security for ComplicationsMost infertility treatments are not covered by insurance, meaning couples pay out-of-pocket for expensive infertility treatments before getting pregnant. Couples may deplete savings, or take out loans to finance IVF and other costs for artificial reproductive techniques.
The resulting pregnancies are often high-risk. Many women have underlying medical conditions, or they may have delayed starting a family. High risk pregnancies are more likely to experience complications that require mom to miss work prior to delivery. This results in unplanned lost income. High risk pregnancies may also mean an unplanned hospital stay during pregnancy. This may result in unplanned expenses for hospital deductibles and other costs. Supplemental maternity insurance can protect your income in case complications cause you to miss unplanned time form work prior to your delivery. Short term disability insurance may replace your income if pregnancy complications result in lost income before delivery.
Supplemental Insurance: Multiple PregnancyHigh order multiples are far more common with women taking fertility drugs, and/or undergoing IVF. Multiple pregnancies often deliver pre-term, and the infants often experience a long NICU confinement.
This often results in significant medical expenses associated with the hospital stay that can catch couples by surprise. Hospital co-pays, co-insurance, and deductibles have become very common, and boost your baby delivery costs. If your plan has an individual deductible you may be charged for each infant confined the the NICU. You might have planned paying this only once. The nastiest surprise for many couples is out-of-network fees. You might have planned on delivering at your local in-network hospital, only to be transported to center specializing in premature delivery. If this facility is not in-network you may be responsible to pay the amounts over the insurance carriers "allowed charges". These fees can be pretty hefty. Hospital indemnity insurance helps by paying cash benefits directly to you for your normal delivery, plus any infant confined to the NICU is paid an additional benefit.
Supplemental Insurance: Maternity LeaveDuring childbirth, the delivery may not always go as smoothly as hoped. Mother can be injured during delivery when a birth accident occurs. The main birth injuries and disorders that might affect you include vaginal tears, fissures, incorrect suturing following an episiotomy or Caesarean, infections, and postpartum hemorrhage. |
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