Maternity Insurance

Maternity InsuranceMaternity 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. 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 were newly married or thinking about growing your family, you want to start looking for pregnancy insurance now.

If you are already pregnant, more than likely will have problems finding insurance to cover your maternity expenses. You might be one of the fortunate people to qualify for Medicaid at this point, which would be available to you even after discovering your are pregnant. 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-$12,000. The average cost of the birth process alone is around $6-$8000. This cost can go up dramatically if there are any complications.

Getting maternity insurance is also way to create a greater peace of mind. If you are watching bills pile up in expenses grow, this can be very stressful. Stress is not good for you, your developing baby and more than likely the relationship between you and your partner. You’re going to have to take care of a number of things related to your pregnancy and preparations of your pending newborn baby without adding the additional concerns of financial pressures.

Financial relief is also a benefit in recent have maternity insurance, because the money freed up the would have normally gone to prenatal care and birth expenses can now be directed at 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, different policies, and different avenues for getting insurance. If you are employed, the first place you should look his through your HR department. Start with an inquiry on whether maternity coverage is included in your current policy. If it is not, then you should ask about opportunities for adding it to your existing coverage.

If you are not employed or possibly near the poverty level, you should look at applying 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 for Medicaid, then the best place is to look for one of the quote engines. Through these mechanisms you can list your need and submit it to a series of insurance agents who will all get back with you with quotes for coverage. This is usually the quickest way to the most information.