Why women should buy maternity insurance
The expected (or unexpected) arrival of the stork is always welcome news. Along with the pitter patter of little feet, pregnancy brings untold joy and a life of new experiences to the parents and their relatives and friends. However, while pregnancy is a beautiful journey, the medical expenses can be frightful, especially in this day and age of rising costs and inflation. Every woman must remember to buy maternity insurance to ensure that the escalating costs during and even right after pregnancy are met and there is no worry regarding fees or medication. More often than not, financial worries might prompt a woman to reject certain necessary procedures or medication such as vitamins etc just to skimp on the rising costs.
While health insurance is a necessary step everyone takes, not all individual health insurance plan includes maternity insurance and women should pay heed to this fact. It is important to ensure that if you plan to become a mother in the near future, you add a maternity rider to your existing insurance plan, or buy insurance plans from the few insurers who offer health insurance inclusive of maternity plans.
What are the benefits of such maternity plans? Well for starters, all costs during and after pregnancy are met. Right from pre natal checkups, doctors fees, scans, medications etc. to delivery charges, physician fees, hospital stay, post natal checks and infant insurance – all costs are met by maternity insurance coverage.
There are insurance companies who offer health insurance for women inclusive of maternity insurance and depending on the premium that you pay, you can avail of maximum coverage for your maternity and pregnancy costs. Maternity plans can insure you up to even INR 1 lakh and it covers the costs of terminations and caesarean sections as well. Most plans provide coverage for up to two deliveries, so it is not like you have to buy insurance for separate pregnancies. Depending on what plan you have, your newborn child is also insured. You probably have to inform the provider of your desire to include the infant into your plan. The newborns vaccinations and other pediatric services are covered for the first year after birth, after which you can buy separate insurance plans for your baby.
Be aware however that like all insurance plans, you should read the fine print carefully and ask questions about what is included and what is not. Also, the only hitch in the benefit of having maternity insurance is that you have to wait for a good 3 to 6 years depending on your plan to claim your expenses. Yes, reimbursement takes that long! However, it is beneficial in the long run because there are plenty of expenses during and after pregnancy and it would be a good thing if you could get back most of the money, isn’t it? Therefore ladies, do not forget to invest in maternity insurance the instant after you decide motherhood beckons with a beguiling smile!