Pregnancy is a prominent phase of life and therefore you must prepare for it. It is an important time for the entire family where everyone is excited to welcome a newborn baby. For safe delivery, it is important that quality maternity care is given to the mother. There are multiple hospitals that provide excellent maternity care. Still, it is difficult for some people to access it. They don’t have sufficient funds to pay for maternity care. Let’s get into this article to know the reasons to have maternity insurance.
How Do You Define Maternity Insurance?
Maternity insurance is basically an insurance policy for the mother and the newborn baby. It covers the expenses related to them. The expenses include medical care and various facilities during pregnancy. Also, the bills for hospitals, check-ups, pre-natal and post-natal care.
Also read: What is Maternity Insurance and How Does It Work?
If you work in a company that provides its employees with maternity coverage then it’s good. Otherwise, you have to buy health insurance. There are some health insurance plans that offer maternity coverage. If not then maternity insurance is best. In most cases, the benefits extend to newborn babies. It is usually for a period of 90 days.
6 Reasons to Have Maternity Insurance!
#1: Financial Support Is Necessary
The main focus of maternity coverage is to ease the burden from your shoulder. Yes, for many maternity comes with a financial burden. There are tons of expenses a family needs to handle. It covers expenses for deliveries, consultation, and more.
#2: Prenatal and Post-natal Expenses
Do you know how much does a hospital cost during the maternity period? If the answer is no then consult your doctor. You will soon realize that maternity insurance is a must. The coverage is usually for 30 days before hospitalization and 60 days after it.
#3: Cashless Transaction
If you don’t have maternity insurance then on every visit you need to pay from your pocket. The entire expense related to delivery is going to be cashless with insurance. The insurance provider and network hospital will handle the bill scenario. You won’t even face a single problem. Delivering a baby can be an expensive proposition as a lot of medical bills accumulate. Hence, you must choose cashless hospitalization.
#4: Prepares For Complications
Pregnancy doesn’t come with a set process. There are chances that complications arise during the maternity period. Now, these complications add to the cost of normal delivery. During these unforeseen situations, you need money. Good maternity insurance will give you coverage by paying for additional costs. In rare cases, insurance providers even cover babies with congenital disorders.
#5: Stress-Free Environment
There are couples who don’t plan a baby just because of financial issues. They wait till they can afford to pay for maternity care. After waiting for a long time, they even face complications in pregnancy. All in all, the whole journey becomes stressful. That’s what you avoid with a good maternity insurance plan. You can start planning your baby without worrying about dealing with financial needs.
#6: Newborn Baby Coverage
The maternity insurance policy provides coverage to newborn babies. Along with you, even your baby needs care during the post-natal phase. In most cases, the coverage lasts for 90 days. The major expenses like vaccination, medicines, check-ups, and more are covered. Later on, it is possible that your health insurance provides coverage.
Reasons To Opt For Maternity Insurance Early?
#1: For Easy Reception Of The Policy
One of the best things you can do to yourself is to choose an insurance policy sooner. Maternity insurance policies are more important than other health insurance policies. After getting pregnant if your reports show complications, the companies may not approve your insurance.
#2: Lower Premiums
Just like every other insurance policy, even maternity insurance costs increase with age. With an increase in age, our body tends to face more medical complications. So you must plan your baby and apply for insurance as early as possible. You can even make maternity insurance affordable for you.
#3: Keep In Mind Waiting Period
There is rarely any insurance plan that approves right away. With health insurance, the insurance companies are extra careful. They don’t want to take risk of paying high amount. Thus, maternity insurance policy comes with a long waiting period. If you are already pregnant then things won’t be that easy. It may happen that by the time your application approves you don’t need it anymore. The waiting period is a problem for many. They don’t realize the importance of maternity insurance at an early stage. That’s why they regret afterward.
We understand that getting admitted to a special hospital is expensive. But we cannot deny the fact that these hospitals are equipped with great technology. The professionals are well trained and you will get the best possible maternity care. With maternity insurance in your hand, you won’t have to worry about it. It makes a huge difference in your life. Medical professionals charge a huge amount for their service. Even a visit will cost you a bit. People can’t handle such costs and that’s why they switch to a cheaper hospital. It may not have the best service. So maternity insurance even handles doctors’ fees.
Also read: 7 Reasons Why Health Insurance is Necessary
Your baby needs the utmost care after birth. This time again maternity insurance coverage for newborns will help you. Multiple vaccinations are mandatory for the healthy life of your baby. One thing you need to understand is that pre-existing ailments don’t come under coverage. For example, a mother with diabetes or blood pressure issues. They won’t treat you free of cost for these problems. Make sure you read the terms and conditions before deciding on one. The insurance companies offer different benefits along with the varied costs. So consider doing thorough research before coming to a conclusion. The government and other private companies offer some good policies. So research them before choosing one. Also, maternity insurance is absolutely important so make sure you have one.
In case, you have any doubts about the reasons to have maternity insurance then do share it through comments. We will try and resolve them as soon as possible.