Maternity Insurance

Pregnant mother saving for maternity insurance holding piggy bank

Maternity insurance, Pregnancy coverage, maternity coverage, or pregnancy insurance are all speaking about the same thing. This coverage can be provided by an employer or secured individually. Maternity insurance as part of routine coverage is becoming less common. One of the things that you will find, even through an employer, is that pregnancy insurance is an optional add-on to your policy.

Maternity coverage is a benefit added to your health insurance policy with a specific purpose to cover the expenses related to your pregnancy and birth. If you are one of the people that receives maternity insurance as part of your benefits through an employer consider yourself fortunate. It is even more rare to find pregnancy insurance that covers fertility and infertility care and procedures. In many cases these are considered elective options and subsequently not covered by a pregnancy insurance program.

Couple walking thinking about a Pregnancy Insurance Program

When to get Maternity Insurance?

The ideal time to get maternity insurance as well before you get pregnant. In some cases, whether through employers or independent insurance carriers, there may be a waiting period before maternity coverage kicks in. This waiting period can easily be up to a one-year.

Approximately 13% of all women who become pregnant are without prenatal care coverage. Changes in the insurance and health care system may begin to make things easier, but as for now, that is not proving to be the case. If you are newly married or thinking about growing your family, you want to start looking for pregnancy insurance now. If you are already pregnant, you will more than likely have problems finding insurance to cover your maternity expenses. However, you may be fortunate enough to qualify for Medicaid, which would be available to you even after discovering your are pregnant. Pregnant girl thinking about when to get Maternity Insurance

Why get pregnancy Insurance?

Having pregnancy insurance is one of the best ways to minimize the expenses that will come with your prenatal care and the hospital stay for your birth. If you don’t have maternity insurance, you can anticipate spending around $10,000-$12,000. The average cost of the birth process alone is around $6,000-$8000. This cost can go up dramatically if there are any complications.

Having bills pile up can be very stressful, which is not good for you, your developing baby, and more than likely the relationship between you and your partner. Thus, it is important to take care of your health and preparations for the baby without adding to financial pressures. Getting maternity insurance is one way to reduce this stress. Money which originally would have been spent on prenatal care and birth expenses can now be directed towards other needs related to you and your baby.

How to Get Maternity Insurance?

Getting maternity insurance is going to take research. There are different carriers, policies, and avenues for getting insurance. If you are employed, the first place you should look is through your HR department. Start with an inquiry on whether maternity coverage is included in your current policy. If it is not, then ask about opportunities for adding it to your existing coverage.

If you are not employed or possibly near the poverty level, you may want to apply for Medicaid. Restrictions for getting Medicaid during pregnancy are less restrictive than applying for normal Medicaid as an individual. The government wants to make sure that your baby has a fair and reasonable healthy first start.

If you are starting the process of looking for maternity insurance and don’t have access to employer coverage or Medicaid, another place you may consider looking is a quote engine. Through these mechanisms you can list your need and submit it to a series of insurance agents who will get back with you with quotes for coverage. The chances of getting pregnancy insurance through a quote engine are low, and the premiums you get may be fairly high. Nonetheless, it may be worth a try.

If you are not able to pay such premiums, you may consider looking into lower-cost options such as using a midwife or giving birth at a birth center.

Find a Midwife in your area

Find a Birth Center in your area