Whether you are an individual or couple who is interested in expanding your family through third-party reproduction or the surrogate mother who will be helping a family who has longed for a baby, understanding how and when your health insurance will take effect will be critical in ensuring you are not taken advantage of.
It will also allow you to exercise your right to the coverage you’ve purchased. Below, we review the top three things you need to know about how health insurance works when it comes to surrogacy arrangements.
The cost of healthcare in the U.S. is astronomical, and as such, citizens either go without health insurance or purchase policies that will cover certain types of treatment and care depending on the type of insurance policy purchased.
There are so many different types of health insurance for surrogacy out there that you can certainly find a policy that will cover all of the costs associated with a surrogacy journey.
However, if you don’t want to spend an arm and a leg for a premium (that may very well exceed your out-of-pocket costs), there are policies available that will cover only certain aspects of a surrogate pregnancy, labor, and delivery.
The point being, really take your time to review your finances and any existing health insurance policies you already have in place, and then move forward with a plan that meets your financial objectives.
Once you have a health insurance policy in place that will work for your assisted reproduction plans, you’ll want to have a lawyer review it in great detail.
It is quite common for health insurers to include complicated clauses that may be difficult to understand and could exclude critical healthcare costs including the cost of in vitro fertilization (IVF), intrauterine insemination (IUI), the prenatal care of international surrogates, and/or the costs of labor and delivery.
What’s more, you’ll have to be especially mindful if you receive a denial after submitting a surrogacy claim, as insurance companies are often known to issue bad faith denials, stating that you don’t have coverage in a certain area when you actually do. This gives the insurer an opportunity to avoid paying out on your claim.
Don’t be afraid to finance! Those struggling with infertility or have chosen surrogacy for another reason have done so after much consideration, and most consider the entire process an investment that will allow them to have the family they have always dreamed of, so it’s worth the costs.
However, you’ll want to ensure that you do your research prior to taking out a personal loan, as there may be financial assistance programs , payment arrangements available in your area, or other resources that can help you to expand your family.