Why Do You Need Maternity Insurance
As a responsible parent, you must prepare suitably for the cost related to pregnancy and the delivery of the baby. With the medical costs soaring high, one has to be well prepared for all expected and unexpected expenses. And this is why you should consider a Maternity cover in your health insurance plan
Cashless claims at Any Network Hospital of your Insurance Company:
|Cashless claims||Reimbursement of Claim|
What If My Baby Is Unwell Or Premature
Specialist nursery care is available in private hospitals for any baby who is unwell or any baby born between 32 and 37 weeks of pregnancy. Your baby will be charged separately for their nursery care, in addition to the charges for your hospital stay. Check with your health fund to see if your baby is covered.
Babies who are very premature , and those who are very unwell, are transferred to a Neonatal Intensive Care Unit in large public hospitals and the costs are covered by Medicare. If you go into labour before 32 weeks, you will usually be transferred to give birth in a large public hospital where your baby can receive specialist care as soon as it is born.
Is It Ok To Be Pregnant When You Sign Up For A Health Plan
Yes. You can be pregnant when you sign up for health insurance. If this happens, pregnancy is called a pre-existing condition. This means you had the condition before you sign up for health insurance. Under health care law after the ACA,, insurance companies cant deny you coverage or charge you more money to care for pre-existing conditions.
You May Like: Does Aspen Dental Take State Insurance
What Delivery Costs And After
Most health plans will cover much of the costs of delivery and aftercare, but, as with any other stay in a hospital or other health care facility, you may need to pay part of the bill. Your costs may include having to meet your health planâs deductible as well as copays or coinsurance.
Your deductible is the money you have to spend before your insurance helps pay for your care.
Copays are a flat fee you pay when you see a doctor, such as $20 per visit.
With coinsurance, you pay a percentage of the cost of your medical care.
You can find out what services are covered by your plan and what your costs are likely to be by looking at your health plan’s summary of benefits or by calling your insurance company.
Here are some things you might want to look for to confirm whether your plan covers these services, and if so, how much of the bill youâll be expected to pay:
- Labor and delivery services in the setting you choose, such as a birthing center, home, or hospital
S To Obtain Insurance When You Are Pregnant
There are several options available to you to get health insurance even if you are already pregnant. You can begin by checking to see if your current employer offers health insurance. It is also possible that your spouse or domestic partner has insurance through their employer, and you would potentially qualify to be added. In this case, it is quite common for the employer to share some of the cost with the employees, so this could help you save money. If this is not applicable to you, look to the health insurance Marketplace. You can do the following there, all online:
- Conduct a side by side comparison of all health plans available in your area.
- Determine if your current income level qualified you for certain subsidies. These can effectively lower your monthly premiums.
- You will be able to determine online if you qualify for lower out of pocket expenses including copays, coinsurance, and deductibles.
You will need to sign up for health insurance during the open enrollment period if you are pregnant. A special qualifying life event will only kick in once you have the baby. To take advantage of the insurance for services needed during your pregnancy, make sure you subscribe to a policy during the open enrollment period.
Read Also: Is Trustage Life Insurance Any Good
This Isn’t A Rare Occurrence
Bethany is far from the only young woman facing these circumstances. “This is not an anomaly this happening pretty consistently,” says Dorianne Mason, director of health equity and reproductive rights and health at the National Women’s Law Center.
Currently about 4.2 million women ages 19 to 25 have coverage as dependents on their parent’s employer insurance plan, according to an analysis of 2019 Census data performed by New York University professors Ougni Chakraborty and Sherry Glied on behalf of the Commonwealth Fund for CNBC Make It.
In the U.S., the average woman has her first child at age 26, but many women get pregnant much earlier. Almost half of women with some college education have children before 25, while the median age for women with a high school diploma or less to have their first child is just 24, according to the Pew Research Center.
CNBC Make It reached out to the biggest insurance companies in the country to see if their employer-based plans included maternity care coverage for adult dependents. Cigna and Humana did not respond to queries. Beyond asking for clarification of the request, Anthem and UnitedHealthcare did not either.
Aetna and Blue Cross Blue Shield said they could not provide that information, and neither company would confirm nor deny they had employer-based plans that excluded this coverage.
Discount Medical Plan Organization
If negotiating your own self-pay discount scares you, you can work with a Discount Medical Plan Organization. These companies provide pre-negotiated discounts to their members for a monthly fee.
This isnt true maternity insurance since youre paying the doctor and hospital yourself, but the discount has already been negotiated for you by the DMPO.
Before you enroll, make sure your doctor and hospital participate, as many plans have a severely limited selection of participating healthcare providers. If you haven’t yet selected a doctor or hospital, however, you can limit your selections to providers who participate in the DMPO.
Recommended Reading: Life Insurance Certification
Is Pregnancy Covered By Health Insurance
In a word, no. Health insurance does not cover pregnancy as it is deemed as a lifestyle choice. In the same way private health insurance does not cover cosmetic surgery to improve your appearance, transgender operations or injuries sustained from dangerous sports.
Do Marketplace Health Plans Provide Women With Comprehensive Coverage Including Maternity Care
Yes. All Marketplace plans must include the ten Essential Health Benefits , one of which is maternity and newborn care. HHS has not specified what must be covered under this category, delegating that authority to the states. Thus, specific benefits covered under maternity care vary by state.
2. What changes when a woman enrolled in a Marketplace plan becomes pregnant?
Nothing, unless she wants it to. The woman may choose to remain in a Marketplace plan or, if eligible, to enroll in Medicaid or CHIP. The woman will not lose eligibility for the APTCs as a result of access to MEC through full-scope or pregnancy-related Medicaid, but cannot be enrolled in both simultaneously and thus must choose. In deciding which coverage to select, overall cost, access to preferred providers, impact of transitioning across plans, and effect on family coverage influence preference.
Read Also: Does Home Insurance Cover Foundation Repair
Is Charity Care A Good Option
Charity care is a lifeline for that woman who does not carry legal immigration or is a non-citizen of the US. If they do not get an emergency Medicaid service, the final option they have is to go for Charity Care. These types of women can avail the service from a local hospital.
Pregnant No Insurance Dont Qualify For Medicaid
As per the law, local hospitals and other healthcare centers cant deny providing their services to the needy even if they do not carry legal citizenship or immigration. They can also receive financial aid from Charity Care to look after their newborns.
Private Health Insurance Plans
Believe it or not, there are private health insurance companies that offer affordable and comprehensive coverage for expecting mothers. Exploring options in your area, and talking to experienced health agents and brokers will undoubtedly help you find a plan that fits your exact needs.
A good place to start your search is right here. FirstQuote Health specializes in helping individuals and families shop for and compare health quotes in their area, saving both time and money. To get started, enter your zip code, and find coverage within minutes.
Also Check: Insurance Agent License
Recommended Reading: Life Insurance License Requirements
Whats Covered Under Pregnancy Health Insurance
Itâs no secret that having a baby is expensive. Beyond the costs of furniture for your nursery and baby goods, the unforeseen costs of medical treatment can be substantial. Thatâs why planning well ahead and making sure youâre covered for every aspect of pregnancy is important.
While youâll have to pay some health cover expenses yourself, the right health cover can reduce your overall costs to a more manageable level. Not only that, youâll be aware of any out-of-pocket costs and can budget accordingly. That means paying less for medical treatments and more on cute baby outfits!
Important Information For New Or Soon
If you have health coverage and are pregnant, you and your new child may be entitled to a 48-hour hospital stay following childbirth . If your employer or your spouses employer offers a health plan, birth, adoption, and placement for adoption may also trigger a special enrollment opportunity for you, your spouse, and your child, without regard to any open season for enrollment.
The Affordable Care Act adds important protections related to employment based group health plans that will improve health coverage for you and your family. Many of these protections are available now including extending dependent coverage until age 26, prohibiting preexisting condition exclusions for children under 19, and banning lifetime limits on coverage for essential health benefits. Additional protections will be available in 2014. This publication does not reflect the provisions of the Affordable Care Act. For more information, visit the Employee Benefits Security Administrations ACA Web page at dol.gov/ebsa/healthreform.
Don’t Miss: Life Accident And Health Agent Examination
Can You Get Insured Under Maternity Health Insurance While You Are Pregnant
While you can get regular health insurance when you are pregnant, you will not be able to get maternity coverage as most companies consider pregnancy a pre-existing condition. This means you will need to undergo a waiting period before availing coverage under a maternity health insurance plan. Most insurance policies generally have a waiting period of about three years before they cover pregnancy and maternity insurance.
According to a circular from the Insurance Regulatory and Development Authority of India , on standardised definitions, maternity cover in health insurance plans must include the following benefits:
Maternity-related hospitalisation: Hospitalisation expenses will be covered for up to 30 days before delivery and 60 days post-delivery.
Delivery including pre- and post-natal expenses: This includes regular and caesarean delivery expenses along with any post-delivery complications for the mother.
Hospitalisation charge: Includes room, nurse, and surgeon anaesthetist consultation medical practitioner and emergency ambulance charges.
Newborn baby coverage: Health insurance plans with maternity cover also includes insurance for newborn baby or neonatal care from day one for up to 90 days. Such maternity health insurance plans claim to cover any needs a newborn may have, but it is essential that you enquire about your insurers stance on complicated deliveries or premature labour.
Considerations For Maternity Health Insurance
The best health insurance for you will depend on whether you’re currently pregnant or plan to conceive in the future. For most situations, you will be able to get the best health insurance possible if you plan ahead, as you will have more options for maternity coverage. For example, if you currently do not have health insurance from an employer, you should plan to purchase a policy during the open enrollment period, which typically occurs from the start of November to the end of December.
Even when pregnancy comes as a surprise, there are still great health insurance options if you do not have coverage when you become pregnant. These can include options like Medicaid or off-exchange health insurance policies, which both can be purchased at any point during the year.
Recommended Reading: 2-20 Insurance License
Does Private Insurance Also Cover A Newborn
It depends. Small group employer-sponsored plans must include the EHBs, including maternity and newborn care, but large group and self-insured employer-sponsored plans are exempt from this requirement. While the requirement for newborn care covers childbirth and immediate care following birth, women must enroll their babies in coverage soon after birth.
Options For Managing Costs With No Maternity Insurance
Some additional ways to help you manage costs related to prenatal care and labor include:
If you are delivering at a hospital, you can contact their accounting office to see if you can set up a payment plan or to find out if they offer a sliding scale. Though many hospitals offer these options, they are often overlooked by those who would benefit from knowing about them.
- If you do not have a high-risk pregnancy, consider giving birth at a birthing center. The estimated cost of delivery and prenatal care at a birthing center is about $3,000 $4,000, which is half of what it would cost at a hospital. Many birthing centers also provide sliding scales, payment plans, and are willing to accept Medicaid.
Want to Know More?
Don’t Miss: Does Farm Bureau Have Pet Insurance
Can You Get Maternity Insurance If Already Pregnant
All Health Insurance Marketplace and Medicaid plans cover pregnancy and childbirth. This is true even if your pregnancy begins before your coverage takes effect. This means that after you have your baby you can enroll in or change Marketplace coverage even if its outside the Open Enrollment Period.
What Is Meant By A ‘complication’
A complication arising from pregnancy could be covered by your private health insurance. Most insurers will cover some of or all of the following list of conditions as a complication from pregnancy
- Ectopic pregnancy
- Gestational diabetes
- Caesarean sections in specific clinical circumstances
Each insurer has a different set of conditions that may or may not cover pregnancy complications so it is important to check the terms of a policy before proceeding with your chosen health insurer. Compare policies in-depth online via Activequote.com.
Don’t Miss: How To Obtain A Life Insurance License
Other Waiting Periods In Health Insurance Plans For Pregnancy
Apart from the maternity waiting period, there are the following waiting periods under health insurance plans for pregnancy:
What About Genetic Testing
You may be considering prenatal genetic testing in your first trimester. These tests screen for or diagnose a birth defect. This isnt necessarily considered a routine test, so you may have to pay for all or some of this service. When in doubt, contact your insurance provider to find out whats covered in your plan.
You May Like: Is Trustage Life Insurance Any Good
Can You Get Or Switch Health Insurance Coverage While Pregnant
You can enroll in health insurance coverage during the annual open enrollment period, which runs from November 1st through December 15th in most states. Some states have extended open enrollment to learn more about the open enrollment period in your state, check out our OEP by state breakdown.
You cannot enroll or change health insurance plans outside of the open enrollment period unless you experience a qualifying life event. A qualifying life event will trigger a special enrollment period, which typically lasts around 60-days. During these 60 days, you may enroll or switch health insurance coverage.
Whilegiving birth is a qualifying life event, becoming pregnant is not a qualifyinglife event.
Thismeans that after you give birth, you will qualify for a special enrollmentperiod. During these 60 days, you can enroll in a major medical healthinsurance plan, switch health insurance plans, or keep your current plan andadd your child to your coverage.