Does health insurance cover maternity expenses?
Thinking about starting a family? It’s one of the best decisions you will ever make! That little bundle of joy will light up your life and bring you laughter, happiness, and tons of precious memories. But you need to begin planning things right away to ensure everything is ready when your little one arrives.
But won’t my health insurance cover maternity expenses? No, not necessarily. Not all health insurance plans cover maternity expenses by default. You either need to pay extra when buying the plan to have it included or opt for it as an add-on to your existing policy. You must also remember that several terms and conditions that govern the working of maternity cover.
There might be a waiting period. Most health insurance plans consider maternity as a pre-existing illness. Therefore, they will have a waiting period of up to 2 years of more before maternity expenses can be covered by the plan. Therefore, if you are planning to buy a plan just after you’ve got the good news, you need to reconsider things as the expenses would not be covered.
Why do I need maternity coverage? It is important to have coverage for maternity expenses. This is because maternity expenses are on the rise in India. Today, a normal delivery could costs between Rs50,000 and Rs 75,000 on average. On the other hand, a C-section delivery could cost upwards of Rs. 1,00,000 and this type of delivery has become more common these days.
What does maternity coverage provide? This feature of a health insurance policy will most usually cover medical expenses for 2 deliveries or lawful terminations up to a pre-determined limit. It should also cover medical expenses for your new-born baby for up to 90 days from the day of delivery and even cover vaccination expenses till your little one turns 1.
Therefore, if you are plan on getting married and starting a family, it makes sense to get the right amount of protection now. If you wait for too long, it might be too late to get maternity coverage. Remember to ask your insurance provider about maternity cover, especially the aspects related to waiting periods and the limit up to which expenses are covered as all plans have different workings in this regard.
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