New Information in Maternity Medical Care and CostsJune, 2007
In the midst of all the excitement that often comes with a new baby, many parents and families who have minimal
family health insurance are finding that maternity medical care brings with it a surprising bunch of hidden costs.
The main issue is with consumer-driven health plans (CDHPs), which are non-traditional medical coverage plans that are likely to have lower premiums, but come with higher deductibles and out-of-pocket costs. Many people shopping for individual or family health insurance opt for CDHPs because they cost less on a month-to-month basis.
But maternity medical care is much more expensive than most people think. According to
MSN Health, "having a baby can be expensive, with medical costs easily reaching $10,000 or more for even a simple delivery. The cost of hospitalization to prevent or delay pre-term labor in 2001 averaged more than $75,000 per case with an average hospital stay of almost 25 days."
And should you have to factor in emergency treatments for mother or child, costs will skyrocket. Those who don't have adequate coverage often find themselves stuck with very high bills.
Facts on:
Family Health Insurance
Did you know...
Many people shopping for individual or family health insurance opt for CDHPs because they cost less on a month-to-month basis?
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The best thing that anyone can do when they're expecting a baby, or plan to have one in the near future, is to search for family health insurance or
individual health insurance that covers a good portion of maternity medical care. Ask your agent exactly what's covered and what's not, and compare that to monthly premiums, out of pocket costs, and deductibles.
It also helps to shop around aggressively, since many agencies will offer competitive prices on similar medical coverage plans. And, once the baby is born, you can always opt for another family health insurance plan that will protect you and your new baby at a cost you can better afford.
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