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Why Do I Need Pregnancy Insurance?

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Motherhood is something that most women look forward to at some point in their lives. It might cause you anxiety and stress first, but then the feeling of joy and excitement takes over. 

When it comes to expecting mothers, each understands the significance of quality maternal care, prenatal care, and postnatal care. Unfortunately, this quality care comes at a steep price, hence, making pregnancy insurance necessary. A proper maternity insurance plan will ease your stress regarding expenses and allow you to enjoy blissful moments with your newborn and your family. 

So, let’s take a look at the reasons why you need pregnancy insurance:

 

1. Provides Valuable Financial Backup

Many expenses arise during pregnancy – delivery, pre and post-delivery hospitalization, room rent, surgeon and nurse charges, and new born care-related expenses, to name a few. This is why pregnancy insurance offers valuable financial backup. Whatever procedure with regards to pregnancy is required, it will be covered by the insurance. Thus, relieving your stress as much as possible.

 

2. Handles Complications

Pregnancy insurance also includes coverage for post-delivery complications. Such complications may include excessive bleeding, premature delivery, and infections. In the case of premature delivery, the newborn has to be kept under observation in a neonatal intensive care unit (NICU) or an incubator for at least 2-3 weeks. 

This adds a massive burden on the parents because NICU is extremely costly, and its expenses range between 2,000 and 12,000 per day, depending on the location. Hence, making it important to purchase pregnancy insurance

 

3. Provides Immediate Insurance Coverage for Newborn (s)

Health insurance plans do not provide coverage for babies until they are 90 days old. This turned out to be an issue since babies are extremely susceptible to illness in the first 90 daysHowever, this is not the case with pregnancy insurance plans.Some pregnancy insurance providers also include vaccinations for babies as part of the coverage. 

 

4. Deliveries in Private Hospitals are Expensive

Over the past few years, medical expenses have skyrocketed, making pregnancy a costly affair. Regular or caesarean deliveries in private hospitals can cost anywhere between 30,000 and 2,00,000, which can cause a significant financial setback to the family. 

Such rising costs have made pregnancy insurance necessary. This type of insurance includes cover for both type of deliveries, thus, allowing the mother to make her choice without any worries. 

 

Exclusions in Pregnancy Insurance

While on the topic of maternity insurance, it is vital to know the medical expenses that are not covered by this type of insurance. Some of these expenses include:

• Treatment and tests with regards to IVF (in-vitro fertilization) and infertility.
• Non-allopathic treatments like Ayurveda, Homeopathy, Naturopathy, Acupuncture, and Unani.
• Dental treatment.
• Any illness or disease contracted within the first month of the policy start date.
• Any injury or ailment that was acquired within four years of the policy issuance. 
• Cost of contact lenses and spectacles.
• Treatment due to self-inflicted injuries, alcohol, or drugs.
• Congenital disabilities such as Down Syndrome and Spina Bifida. Such disorders can occur due to the genetic composition of the parents or arise during the development phase of the fetus. 

Waiting Period in Pregnancy Insurance

Maternity insurance policies have a key clause in place that must be met if you want your insurance claim to be successful. This clause is known as the waiting period. The waiting period refers to the duration before which an insurance claim cannot be made. 

In the case of maternity insurance, most insurance providers have a waiting period of 2-4 years. Hence, it is important for you to fully plan out your pregnancy if you want to receive pregnancy insurance benefits

Maternity insurance is one of the key reasons why couples can steer clear of financial burdens when babies are born since most of the maternity expenses are taken care of. Hence, if you want to have a baby, it is essential that you purchase pregnancy insurance from a reputable insurance provider such as Care Health InsuranceDoing so will allow you and your family to cherish the bundles of joy when they are born, without worrying about the financial aspect

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