Maternity Insurance Coverage
Maternity insurance coverage is very important for those who are planning to have children. This coverage provides medical care to pregnant women and helps to substantially reduce the out of pocket costs related to prenatal care and childbirth. Maternity coverage can literally save you thousands of dollars depending on the specific policy that you purchase. The actual coverage that you receive will likely depend on the type of maternity insurance that you purchase. Basic maternity insurance coverage provides prenatal care as well as doctor’s fees, laboratory fees related to various tests and hospitalization costs.
There are basically two different types of maternity insurance coverage. These include state sponsored coverage and private insurance policies. If you are employed by a private or non-governmental company or if you choose to purchase your own insurance coverage without going through your employer, then you are purchasing private sponsored coverage. State sponsored insurance is available for those who cannot afford to purchase a private insurance policy.
It is estimated that nearly 40 million people in the United States alone currently do not have healthcare coverage. For pregnant women, lack of proper insurance coverage can mean paying thousands of dollars out of pocket or simply not receiving quality care. It is important that you purchase maternity insurance coverage before you become pregnant. This is simply because most major health insurance companies will view pregnancy as a pre-existing condition. This means that they may not pay for all or any of your needed care while you are pregnant if you purchase a policy after you become pregnant. Some companies may even refuse to provide you with coverage if you are already pregnant.
The costs associated with maternity insurance will vary depending on a number of factors. If you can get coverage through your employer then this will likely be your least expensive option. The costs associated with pregnancy and childbirth can run anywhere between $6,000 and more than $10,000 depending on your specific pregnancy and the area in which you live. If you have a complicated pregnancy then you can expect to pay several thousand dollars more. These costs make finding and purchasing the right maternity coverage critical, before you become pregnant to ensure that you are completely covered for all of your medical care needs as well as those of your unborn child.
If you are planning to become pregnant then you can check with your employer or your spouse’s employer to see if insurance coverage is available. If not then you can ask about adding a maternity benefit to your existing healthcare plan. This will likely increase your premium but you will get the specific coverage that you need and ultimately, having this coverage will help you to save money as opposed to paying your medical costs out of pocket.
If you are purchasing insurance privately then be sure you check to see if there is a waiting period for becoming pregnant. Some plans stipulate that you must wait up to one year or longer before the benefits of the maternity coverage will kick in. Make sure that you have read your policy thoroughly to ensure that you have the medical coverage that you need. If you cannot afford maternity coverage on your own, there are a number of other options available to you. You can check on government funded insurance programs such as Medicaid to help cover the costs associated with your pregnancy. You can also check on various discount plans that may help you to receive a savings on your overall healthcare costs. Healthcare discount plans allow those who do not have benefits or whose insurance is not yet effective to get discounted rates on medical care. You can also check with the accounting office at your local hospital to see what options are available to you regarding sliding pay scales if you do not currently have insurance and are already pregnant.