Supplemental health insurance covers In Vitro Fertilization (IVF) treatment results.
Take the financial sting out of this expensive self-pay medical procedure, regardless of what your traditional healthcare plan does or does not cover.
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, or cover your objective.
IVF financing programs can provide you with immediate funding to begin your treatments. The secondary plans described in detail below each require that you wait before receiving benefits. You may need a cash infusion to make these strategies work.
The most easily obtained form of supplemental health insurance for IVF is a plan directly covering pregnancy-related expenses. It will not assist you with the expenses needed to conceive, but takes on most of the costs of prenatal care, labor, and delivery, as well as newborn care.
Request a health insurance quote. An individual plan will not cover IVF. However, since you are spending money to become pregnant, you can reduce your overall costs of bringing home a baby by optimizing your primary plan. Pick the option that includes your OBGYN and local NICU as part of the network. Choose an option with low deductibles and other cost-sharing components. You could qualify for premium and cost-sharing subsidies if you meet income qualifications.
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 benefits payments when mom checks into the hospital to deliver 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. High-risk multiple pregnancies 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.
Twins 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 ranges 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 a carrier will 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.
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.