In between getting the baby’s room ready, thinking of baby names, and saving for the little one’s future, some soon-to-be-parents often miss out on one thing — planning for the tumultuous cost of maternity. Thankfully, with a maternity health insurance policy, you won’t need to worry about pre- and post-delivery expenses!
This article will take you through all the need-to-know information regarding the maternity cover of a health insurance plan.
What Is Maternity Health Insurance?
These plans cover the delivery and newborn expenses for a mother and her infant. They provide for expenses related to maternity, including the cost of diagnostic tests, medicines, hospitalisation. Some plans cover medical expenses for up to three months from the date of delivery while covering the cost of all vaccinations until the baby turns one.
How Do I Get Health Insurance With Maternity Cover?
Some plans come with an inbuilt maternity cover whereas, with others, it can be purchased as an add-on.
Can I Get Maternity Health Insurance When I Am Pregnant?
If you were thinking of buying maternity insurance when you are pregnant, you will have to reconsider your decision. This is because, pregnancy is considered as a pre-existing condition, and all pre-existing conditions have a waiting period before their expenses can be covered.
What Is The Waiting Period And When Should I Buy Maternity Cover?
Usually, the waiting period for maternity cover insurance is between two and four years. Therefore, it is best that you buy maternity cover with your first health insurance policy. If you haven’t done so, don’t worry, you can always have it added to your policy or purchase the add-on when you get married or grow your family. This will ensure that by the time you decide to have a baby your waiting period will be completed and your expenses will be covered by the policy.
Is The Maternity Benefit Valid Only For One Child?
This depends on the policy. While there are plans that cover only one child, the better insurance providers will extend the cover for two deliveries. What’s more is that insurance providers may also increase the sum insured for the delivery of the second child.
Are There Any Exclusions?
Yes, all maternity plans have some common exclusions. For example, most plans do not cover non-allopathic treatments. Besides this, any pre- or post-natal treatments that do not require hospitalisation are also excluded from the cover of maternity insurance plans, along with stem cell extraction and storage.
If you are planning to start a family, we congratulate you on your decision. Get all your doubts addressed to make the right insurance decisions for yourself and your little one!
