Why Buy Supplemental Maternity Insurance?
Although many insurance companies cover prenatal care, labor, and delivery, you might still be left with huge bills if you have a large deductible or co-payment. This means that on top of your monthly health insurance premiums, you have to pay a sum to the doctor or hospital that provides you with care. Since the cost of delivering a baby can reach between $5,000 and $10,000, you could end up with thousands of dollars of debt by the time your baby arrives. Some insurance companies might not cover maternity benefits at all. As soon as you sign up for a plan through your employer or a private company, review your policy carefully to find out what’s covered. Chances are, by the time you are pregnant, it will be too late to get coverage. If you are not clear about what’s covered, talk to your human resources manager or the insurance representative. They should be able to help you decipher what you are entitled to.
Although many insurance companies cover prenatal care, labor, and delivery, you might still be left with huge bills if you have a large deductible or co-payment. This means that on top of your monthly health insurance premiums, you have to pay a sum to the doctor or hospital that provides you with care. Since the cost of delivering a baby can reach between $5,000 and $10,000, you could end up with thousands of dollars of debt by the time your baby arrives. Some insurance companies might not cover maternity benefits at all. As soon as you sign up for a plan through your employer or a private company, review your policy carefully to find out what’s covered. Chances are, by the time you are pregnant, it will be too late to get coverage. If you are not clear about what’s covered, talk to your human resources manager or the insurance representative. They should be able to help you decipher what you are entitled to.
