6 Facts About the Benefits of Pregnancy Insurance and Other Policies

The idea of brainstorming names. Shopping for an infant crib. Making birth announcements. There are numerous exciting aspects of family planning that will make you squeal as a baby. Before you plunge into pregnancy, make sure you know the amount covered by the pregnancy insurance coverage in your medical plan. You can then determine if you'll require additional secondary insurance for pregnancy.

Get Started With This Information Regarding Insurance for Pregnant Women.

1. Expect to pay around $2,500.

If your employer provides health insurance plans for the commercial market and you are eligible for coverage, expect to be charged around $32,093 for a vaginal birth, or $51,125 for an emergency cesarean birth, according to a report released in January 2013 from Truven Health Analytics. After the insurance company pays the portion of your bill, out-of-pocket expenses for vaginal births are $2,244. Cesarean births are more costly with an average of $2,669.

2. Insurance for pregnant women isn't available.

It's a popular belief that women pregnant but who are not covered by an employer-sponsored insurance plan can purchase an insurance policy that is backed by an independent insurance company to cover the costs of the pregnancy. There's nothing like individual secondary insurance for pregnancy policy, says Kevin Haney, owner of A.S.K.

Benefit Solutions, a licensed health insurance company located in New Jersey that focuses on helping families with growing families find the right policies for pregnancy insurance. According to the company, "the only people buying the policies would be almost certain to utilize the benefit, and then cancel coverage shortly after childbirth," which may not end up cost-effective for the insurance company.

3. Additional insurance needs research

The policies for health supplements differ from the health insurance plans that are standard. These add-on insurance policies "cover limited medical conditions, treatments or risk, rather than cover almost everything" according to Haney. However, these policies could be restrictive.

Doctor. Sherry Ross, an OB/GYN who has private in Santa Monica, California, advises her patients to check that they have insurance that covers the doctor they'd like to see as well as the hospital in which they'd like to have their baby. She also recommends pregnant women "ensure there is coverage for the pediatrician and specialists (just in case) such as a perinatologist, neonatologist and anesthesiologist" should any complications develop.

4. Secondary insurance can cover additional costs.

Standard health insurance plans are often integrated with other insurance. For instance, when both parents have health insurance coverage provided through their employer, the first plan would be the primary insurance while the other will serve as an additional insurance plan to cover expenses that are not covered by the primary plan.

If you Think You'll Need to Have Additional Insurance

For pregnancy without any anticipated problems, the coverage for pregnancy insurance of a typical medical plan is typically adequate. However, what happens is the best option if you're expecting multiples or are at risk of having a high-risk pregnancy? The insurance options you have available could be beneficial.

5. Disability insurance will replace income loss

Another option for secondary insurance for pregnancy supplemental to think about can be disability coverage, though it's costly. Doctor. Ross explains that for women who "have a history of chronic medical problems or expect to have twins (or more), then short-term or long-term disability is something to consider."

Disability insurance is an important revenue source. Haney states that most policies provide "a six-week payment for vaginal births and an eight-week payment for births via C-section. Half of the women must cease working prior to birth and the policy can provide income to women suffering from medically-related issues that arise during pregnancy."

6. Insurance for hospital indemnity can be used to pay for long-term hospitalizations

The hospital indemnity policy is additional insurance that can be used to pay for the costs of labor and birth. Based on the policy, the coverage ranges from the time of the mother's arrival to the hospital to undergo normal delivery or labor to the hospitalization of a sick infant within a neonatal intensive medical unit. Haney claims that this type of insurance is typically cost-effective since it is a "hospital indemnity that may pay $3,000 per admission and cost $45 monthly."

How do You Find and Select Policies?

Supplemental insurance policies cannot be offered as standalone products. They are instead included in employee-sponsored medical insurance plans. Take your time reading the plan's options and pick the add-ons which best suit your needs for the upcoming year. If you are looking to begin or expand your family and are disabled, then hospital indemnity and other benefits like a flex spending account and paternity benefits could be beneficial.

Consider supplemental secondary insurance for pregnancy policies that will help you with your pregnancy and make plans for the future. A lot of policies are accessible to women who are having a baby. Be sure to read the policy's coverage statement carefully Ask about any limitations on preexisting conditions, and find out when the policy will take effect typically nine months following the signing of the contract.

Angela Tague is an over-exuberant planner. This means that she has several insurance policies and likes writing about planning for what-if scenarios. Tague also blogs about parenting and lifestyle issues to Fit Pregnancy, Trusted Choice Insurance, and Parenting.