Being in our 30s, some of us will be planning on having a child soon, or another child. Thinking about bringing a child into this world and into your family is a blessed event, and thinking about money or insurance is a downer. However, if you have already had a baby, you know what a fiasco it can be, and if you have not had a child yet, but plan to, it is in your best interest to check on your insurance BEFORE you get pregnant to see what they will and will not pay, so you don’t bring home a new baby and also a huge bill that you were not at all expecting.
Once you check on your insurance, you may be surprised at your coverage, or lack there of.
The last thing that you want to deal with is getting double billed. For example: A woman getting pregnant in one year and delivering the next year can bring a whole lot of added expenses and deductibles that are all out of pocket that would not have been an issue if the birth happens in one calendar year. Of course, sometimes life happens and you can’t plan that out, but if you are planning to have a baby soon, this is something that should be considered.
However, you can take that opportunity to add coverage or go through outside insurance companies to get the coverage that you need.
Another great tip is negotiating your medical bills. Just by doing that a lone can save you 25%. Check with the hospital too and see if they are willing to give a discount if you pay of the deductible faster. My girlfriend was offered 25% off if she paid before a deadline, but after being home with a newborn, she forgot all about it and the deadline lapsed. She begged and pleaded for them to work with her, and they would not budge, so be careful of those things too.
For more information on this subject, Girls Just Wanna Have Funds has a lot more points that should be checked on and researched like the difference in individual and group health insurance and how to see if you are even set up for maternity coverage!