Making Decisions about Maternity Insurance Plans
Personal health care insurance policies that cover maternity expenses including OB/GYN and the high expenses for new baby ward tend to be much more expensive than similar policies that do not don't consider pregnancy expenses a covered expense. Some of our policy holders pay as much as four hundred extra every month for coverage for pregnancy costs.
Maternity Insurance: When should you add or drop coverage?
In a perfect world, you should be able to add maternity coverage just before you conceive and drop it the day after your final visit with your post pardum visit. However the issue of pre existing conditions and unplanned pregnancy can make your choice of when to change to another health insurance plan more difficult.
Pre-existing Conditions and Pregnancy Coverage
Pregnancy insurance cannot necessarily be added or dropped at any time. If you want to save money by eliminating your maternity coverage and buying a health insurance coverage that does not cover the medical expenses you incur because you are pregnant, you may have a tough time if you have a medical condition. This is also the case when you want to move to an insurance plan that covers maternity. A current pregnancy is considered a preexisting health condition Therefore, if you are pregnant when you apply for your policy or on your policy's effective date, you will be turned down by most private ,medical insurance companies.
A Maternity Insurance Strategy
Many families will do better when they buy with separate policies. Often a plan that will cover maternity will have other coverage which they will find unnecessary. Often the wife should get separate health insurance plan than her husband and the rest of the family.
This works well for most families. However, larger families will usually do better when they purchase one healthcare. Other factors sometimes make a difference. A good personal health insurance broker should be able to help you decide which option is best for you and your family.
Should you buy Maternity Insurance Now?
Not knowing when or if you might have an unplanned pregnancy and when or if you will develop a medical issue which thereby makes it impossible to get an underwritten medical insurance plan makes that a difficult question to answer. I hope that the the article you are reading makes it easier to make an informed decision. Without the ability to know the future, making a perfect decision is not possible.