The ideal choice of health insurance plans during your pregnancy keep premiums low while helping you avoid leftover medical expenses.
However, this combination requires extra homework because of the wide range of outcomes. Childbirth is risky business.
There are many more option that in the past for women with unplanned pregnancies. Do not allow the cost of health insurance to influence your choice to bring your baby to term. Help exists in many different places. You are not alone.
There are a variety of government sponsored benefit programs, new regulations, and private companies that can help. Find some answers here.
Supplemental maternity insurance coverage fills common holes found in almost every healthcare program. Normal childbirth is very expensive. Complicated delivery costs skyrocket quickly. Every plan has deductibles and cost sharing. Most women take an unpaid maternity leave.
Enjoy cash benefits paid directly to you when you are admitted to the hospital to deliver your baby, and when taking time away from work to recover from childbirth.
Contribution limits are the one rule regarding depending care flexible accounts that most parents would like to change. The average cost of childcare for just one child is much larger than the annual limit, which leaves parents with greater out of pocket expenses.
The use-it-or-lose-it rule rarely comes into play with this form of FSA. The other regulations make it almost impossible for parents to overestimate, and lose their annual contribution.
How much money should you contribute to your flexible account during your pregnancy? This is a common question, with a difficult answer. Many healthy pregnancies generate a modest amount of predictable medical expenses: extra doctor visits, testing, labor, and delivery.
Unpredictable medical events happen during pregnancy as well. However, it is better not to include these in your projected expenses. You might lose some money.
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.
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.
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.