Maternity Insurance for High-Risk Pregnancies: What You Need to Know
Pregnancy is an important time for couples or families who are anticipating a new member. Pregnancy is a really exciting and emotional process for any couple to go through. There is joy in creating a new life, but there is also a growing worry for the future. That worry gives way to concerns about medical issues and whether you are financially prepared for childbirth. Anyone would want to provide the best healthcare possible for their loved ones to go through childbirth without any worries.
Insurance companies thus offer maternity insurance for any expecting couple. Maternity coverage will ensure that pregnancy and childbirth expenses are fully covered by the insurance company, letting expecting parents focus on what truly matters the most.
What is Maternity Insurance?
Maternity insurance is a type of family health insurance plan that covers the treatment costs of expecting mothers and their newborns. Maternity plans can be obtained either as an add-on to an existing policy or as a separate insurance plan. Maternity insurance benefits typically include the majority of pre- and post-hospitalization coverage.
Maternity insurance and coverage exist only to ensure that expecting parents are always prepared in the case of pregnancy. This allows them to get the treatment they need without having to worry about their savings. Maternity insurance thus is one of the best mediclaim policy for family that are planning to have children.
Benefits of Maternity Insurance Policies
The medical expenses of childbirth sometimes leave expecting parents concerned rather than happy for their new family member when they have little financial support. Maternity insurance should be purchased long before having children to prevent such circumstances. Buying a maternity insurance plan offers many benefits for expecting couples. Some of them are:
Cashless Treatment
Most insurance providers offer cashless medical services through their network of hospitals across India. These hospitals have an agreement with the insurance provider to give policyholders certain benefits for visiting that facility. In particular, policyholders are covered for all treatment-related costs without having to pay for them out of pocket. The insurance company pays the hospital directly for these costs. This ensures that policyholders do not have to pay fees or fill out claim paperwork.
Coverage
If you have good maternity health insurance, the insurance company covers pre and post-hospitalisation and delivery costs. It will also cover other medical fees such as doctor consultation fees, room rent, ambulance services, medicine and more.
Covers Both Mother and Child
In addition to covering the mother, maternity policies also pay for the newborn's medical expenses if the infant has any congenital health conditions.
No Claim Bonus
Policyholders can be qualified for premium reductions the following year if they don’t file any claims during a financial year. Maternity insurance is something that insurance firms want to highlight as a long-term coverage option for their clients. In the long term, the No Claim Bonus can drastically reduce premium costs over time, making maternity insurance more affordable and accessible for growing families.
Inclusions in Maternity Insurance Plans
With maternity insurance plans, policyholders don't have to worry about the numerous medical fees and expenses associated with childbirth. In essence, maternity insurance protects both mother and child against any unexpected scenarios. This lets people choose the best doctors to care for them and their loved ones.
Some of the costs covered in a maternity insurance plan are:
Both conventional and caesarean deliveries are covered by maternity insurance policies.
You are completely covered for pre and post-natal expenditures. You can get coverage from as early as 30 days before delivery, and 90 days after for both mother and child.
Any additional expenses for the newborn's first year of life, including vaccines and ventilator care, are covered by maternity health insurance.
Exclusions in Maternity Insurance Plans
Maternity insurance also has its limitations. For example, the sum covered by the insurance company may not be enough to cover all medical expenses. Maternity insurance usually ranges from ₹ 15,000 to ₹ 1 lakh, which might not be enough to cover the delivery fees someone could incur.
Some of the expenses maternity insurance does not cover are:
Consultation, diagnostic testing, and follow-ups throughout the nine months of pregnancy.
Treatment costs for early pregnancy termination within 12 weeks after conception.
Medical costs for an ectopic pregnancy.
IVF
Late pregnancy with the mother being over 45 years old.
Conclusion
Any expecting couple wishing to protect themselves against the costs of childbirth should purchase maternity insurance. It is also important to remember that maternity coverage can be included in an existing family health insurance plan or as an optional add-on to the policy. Some of the best health insurance company in India like Niva Bupa offer reliable maternity insurance plans that will protect your loved ones in any situation.
Before selecting a policy, it is crucial to review every aspect of a maternity plan, including the policy's coverage and exclusions. Finding the relevant information can help families in finding the best mediclaim policy for a family, particularly if they are expecting a new member.