Maternity insurance can be explained as an insurance policy that comes up to cover medical expenses associated with pregnancy and delivery. Maternity Insurance policies helps to reimburse medical costs of visiting an OB-GYN and hospital stays and many of the other expenses that occur with the new born baby every now and then. Health Insurance with maternity benefits is a special coverage plan dedicated to the mother and the child that is generally covered by health insurance. Health insurance typically covers any unanticipated medical treatments and maternity covers are also part of them. Health insurance with maternity covers can save you lot of money as they covers lot of financial impact.Health insurance helps you cover medical expenses with its maternity insurance already pregnant option.
Maternity coverage is a part of health insurance benefits broadly. Maternity benefits include hospitalization expenses, baby delivery charges for any kind of delivery, new born coverage, pre and post natal coverage, vaccinations and post care expenses.Further, health insurance for maternity covers expenses for maximum of two deliveries. The coverage amount is dependent on sum assured.The sub limits for maternity expenses are dependent on health cover opted. The more the sum assured, the more the coverage.
The waiting period under maternity insurance varies from 12 to 48 months. A new policy cannot provide cover for already pregnant women.
Health insurance with maternity coverage can reap lot of benefits if inclusions are deeply analyzed. There are some exclusion like pre hospitalization period expenses, consultation fees and tests. Some insurers might not cover treatment expenses for newly born child. A thorough analysis should be done before buying coverage and whichcan be done by comparing health insurance with maternity coverage with us. We at policy bazaar help you choosing right policy with appropriate coverage.
What is Maternity Coverage?
For most of the health insurance plans, pregnancy related expenses are treated as an exclusion. Maternity coverage comes as an add-on or a rider to a health insurance policy and provides for the same.
Why do I need Maternity Coverage?
Giving birth to a child is becoming costly day by day. Besides, complications can arise at any time throughout pregnancy especially at the time of childbirth. A maternity coverage provides a financial cushion for such unforeseen events.
What does it Cover?
Ideally a maternity coverage should provide for pre-natal and post-natal expenses, delivery expenses, Caesarean delivery, complications arising thereof, post-birth care and vaccination.
What should I look out for while buying Maternity Coverage?
While buying a maternity coverage, you should take care of the waiting period. Only after a waiting period of 2 – 6 years, pregnancy related expenses start to get covered under a health plan. Another thing to look out for is the sub limit of the maternity coverage on the total sum insured.
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