For women considering having a baby, health insurance is crucial to both their own health and their health of the baby. Major medical insurance with pregnancy coverage can help you have a stress-free nine months and a healthy baby.
What is Major Medical Insurance?
This type of insurance plan covers serious injuries or illnesses. You pay all medical expenses up to the deductible, after which the insurance company begins to pay.
The deductible can be anywhere from $500 to $10,000, but this is offset by low monthly premiums.
To help cover the deductible, you can often open a Health Savings Account. You can deposit money in this account and then withdraw it pay for medical expenses.
Choosing a Maternity Policy
If you’re considering a major medical plan to help pay for pregnancy expenses, you should be aware that many of these plans do not include maternity coverage. So your first step in choosing a policy should be to make sure that maternity care is included. You may be able to purchase a separate maternity rider that will pay childbirth-related expenses.
Second, you should find out if there is a -wait to conceive- period. In many policies, maternity coverage does not begin for up to one year after you purchase the policy. If you conceive before this waiting period ends, your pregnancy will not be covered.
You should also check whether the maternity policy covers
* Routine doctor visits * Complications during the pregnancy or delivery * Hospital stays * Lab work * Ultrasounds * Anesthesia * Prenatal vitamins * Post-delivery doctor visits
Where to Get a Cheap Rate
To help you find a policy that offers the coverage you need at a cheap rate, go to an insurance comparison website. On this website you’ll be able to get fast quotes from multiple A-rated insurance companies.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on major medical insurance coverage.