Pregnancy is a challenging, exciting, and very special time in a woman’s life. Everything from here on going to change slowly and gradually. However, from that special moment to foreseeing the future, one thing that looks shaky is themedical costs.
Pregnant women need constant care, love, and medical attention. From vitamins and monthly tests to delivery, hospital bills keep piling up. The delivery expenses, as well as the post-delivery care is equally expensive. The pregnancy costs are hefty, which burden a majority of new parents. There is a way out of all the stress.An ideal solution to deal with pregnancy, maternity, or any post expensesis by opting for a health insurance plan.
Taking care of your family is as important as planning your finances for the one who will be just stepping their foot into the world. The first step towards your family goal is to insure them under health insurance. Health insurance provides you with financial support in times to help you manage all your medical bills with ease. If you are unaware about maternity covers, here’s a guide:
What are maternity covers?
Maternity covers are usually add-ons or riders that help you cover the pregnancy expenses up to a specific limit. You can opt for it as a standalone policy or a rideron top of your base policy. Most of the time, the employers offer maternity benefits to their female employees, along with their group health insurance policy.
Consider the following three things mentioned below before purchasing a maternity plan:
Check for the coverageprovided by the insurance company. There exist family floater plans thatoffer a cover based on your sum insured. The maternity plan you take should provide enough coverage for your maternity expenses. Use the health insurance premium calculator to calculate your premium costs corresponding to the coverage required.
- Waiting period
The waiting period for maternity covers varies from policy to policy. Usually, the waiting period for health insurance with maternity cover is 2-5 years, and for rider policies, it is about 12 months.
Check the clauses in your policy. You need to be aware of the policy terms and conditions. Compare your plans and find the one which suits perfectly for your needs.
What is covered under maternity cover?
Maternity covers are really important,as they helps you save big on your medical expenses if taken at the right time. There are various factors like a waiting period, coverage, inclusions, and exclusions that will help you decide. Let us see the list of areas covered under the maternity rider:
- It covers pre and post-natal expenses.
- Maternity cover provides coverage against the vaccinations needed for the baby up to 90 days as recommended by the Indian pediatric association.
- Any complications arising out of or as a consequence of maternity or childbirth will be covered with the insured sum.
With all this information, you will have to still remember one thing that matters – reading the terms and conditions. There are women’s health plans and health insurance plans for family that provide maternity covers and expenses.