Having a good health insurance plan in place is only half the battle of keeping the cost of having a baby within reach. The network of providers plays a crucial role along with the deductible and other “consumer-oriented” plan features.
Women also have to plan for time away from the job – which is often unpaid. An addition, balance billing can hit parents with large surprise expenses. Be prepared.
Pregnant women who meet income eligibility criteria benefit from a wide array of medical services offered by Medicaid. However, the entitlement program does not cover everything in every single state.
Pregnant women could qualify for four different programs – each with a unique set of benefits. In addition, each state set rules for what services it provides.
If you are expecting twins or triplets, having the right maternity insurance coverage in force could make a big difference in un-reimbursed medical expenses you might face after your infants leave Neonatal Intensive Care.
You may be able to make changes in time. Those that fare the best make informed choices prior to conception.
Maternity health insurance has become very affordable for many women. Government subsidies may reduce what you pay in monthly premiums, and lower the amount of unreimbursed medical expenses.
Do not forgo this valuable benefit because you think you cannot handle the additional expense.
Maternity insurance coverage is amazingly affordable when you compare the monthly premium costs against what the policy may pay for prenatal care, and your hospitalization for labor and delivery.
That is not all as they say on infomercials! You may also qualify for premium and cost sharing subsidies, and if your employer offers a plan their contribution makes a big difference.
While you can purchase health insurance covering maternity with no waiting periods, and the carrier cannot exclude payment for any pre-existing medical condition, you cannot get started any time you please.
You can start a policy only during an open enrollment period, unless you experience a qualifying life event.
Do high deductible health insurance plans make sense for maternity care? These designs work best for otherwise vigorous adults who do not expect to use doctors or hospitals.
Families having children do not fit this description. They expect to over-utilized doctors and hospitals for at least nine months. The conclusion may surprise you.
It can be tempting to save money by eschewing health insurance coverage. Young adults in particular do not feel the need as they are young and healthy most of the time.
That is until a woman becomes pregnant. Then the need is very apparent, but the options more limited.
Many expectant women plan to delivery her baby in the hospital. A portion requires specialized care in the NICU when her infant arrives too early, or with a serious medical condition.
Hospital indemnity insurance is an ideal supplemental policy to fill holes in many healthcare plans with maternity coverage. Buy preconception to address large deductibles, and out-of-network charges.
Maternity insurance under Obamacare (the Affordable Care Act) eliminates the need for riders. In its place are waiting periods of various lengths, the ability to purchase coverage while pregnant, and interesting deductible choices.
Every family may face a very different outcome depending upon time of conception, household income, and the state where they live.