Introduction to Family Health Insurance with Maternity Benefits
The journey of transitioning into motherhood is beautiful but also very daunting due to the financial strains associated with it. However, let that not faze you. There are various health insurance plans for families with maternity insurance and newborn cover floaters available for financial aid.
With the surge of medical expenses in India, the best health insurance with maternity benefits has now become a necessity. Read on to find out what to look for in health insurance plans for pregnancy coverage.
Benefits of Medical Insurance Plans for a Family with Maternity and Childcare Benefits
Cashless Treatment
The best family health insurance with maternity benefits covers ambulance charges, delivery expenses, post- and pre-natal care, irrespective of caesarean (C-section) or normal delivery.
Coverage for Expenses Related to Pregnancy
The best medical insurance for family covers ambulance charges, delivery expenses, post- and pre-natal care, irrespective of caesarean (C-section) or normal delivery.
Necessary Financial Backup
Health insurance plans with maternity benefits help to cope with the rising costs of medical treatment in India.
A regular birth at a private hospital costs about Rs. 15,000 – Rs. 75,000. A C-section costs between Rs. 25,000 and Rs. 2 lakhs. You also incur additional costs for ambulance services, room rent, follow-up visits, and newborn care.
Things to Look For in Family Health Insurance with Maternity Benefits
Required Eligibility Criteria
Maternity health floater plans in a family health insurance with maternity benefits policy typically have specific eligibility criteria for applicability. For instance, the maternity benefits apply to women aged 18 years and above. However, the exact eligibility criteria differ from insurer to insurer.
Coverage Benefits
When getting a family health insurance with maternity benefits, you need to look for the extent of benefits, such as covered treatment procedures, surgeries, aftercare, and more. This is important to ensure that there is no scope for making out-of-pocket expenses.
Waiting Period
All maternity coverage benefits have a minimum waiting period before you can claim the coverage benefits. Most plans have a 1-3 year waiting period in maternity policies.
If you plan to have a baby in the future, consider applying for a family health insurance plan with maternity benefits promptly. This will help you avoid waiting periods.
Access to Network Hospitals
Look out for insurers that provide access to a wider network of hospitals. Make sure that your family health insurance with maternity benefits provider has network hospitals located near your place of residence. It will ensure that you can receive cashless hospitalisation swiftly during emergencies.
Cost of Health Insurance Premiums
The premiums for family health insurance with maternity benefits are slightly higher than those for other policies. It would be ideal to compare the coverage and benefits of different insurers before determining the best policy that fits your needs. You can use a health insurance premium cost calculator for that.
Newborn Baby Cover
Look for policies that provide coverage for newborns right from day 1. A health insurance policy covers their treatment and aftercare expenses after delivery.
Exclusions of Policy
Knowing about the exclusions of a policy coverage can help avoid any out-of-pocket costs during your pregnancy journey. Here are a few common exclusions of maternity and newborn coverage in health plans:
- Infertility and sterility expenses (apart from assisted reproduction treatment)
- Dietary substances and substance expenses
Ante-Natal Care Coverage
The journey of pregnancy does not start from the delivery of a baby, but right from the confirmation of pregnancy. Having ante-natal care coverage in a family health insurance with maternity benefits means that you receive coverage for diagnostics and outpatient consultations necessary for monitoring the baby’s development.
Add-On Advantages
Your policy having add-on advantages like vaccination coverage and IVF expenses coverage is a benefit you cannot miss. Make sure to read the inclusions of the policy carefully to look for these inclusions.
Final Thoughts
Now you know what to look for when purchasing family health insurance with maternity benefits. Ensure that you provide the necessary documents to your insurer when applying for the policy to facilitate a seamless acceptance of your application.
Recommended Articles
We hope this guide helped you understand how to choose the right plan for your needs. Explore our related articles on women’s health insurance, family floater plans, and newborn care coverage to make well-informed financial decisions for your family.
