Infertility Insurance

It’s always a difficult time for a couple who finds out they are infertile. While the dream of holding your newborn child could seem like an impossible one, there are various options out there to make it happen. However, the biggest issue surrounding this subject is usually money: infertility costs can be high.

You can find several different forms of fertility treatments, but the cost can definitely be a financial burden. Things such as in-vitro fertilization can be very effective, but it comes with a price tag reaching tens of thousands of dollars. Plus you have to consider that it will take more than one treatment for you to become pregnant. Add in the fertility medications and some assisted reproductive technology procedures and you are basically looking at the same price as a down payment on a new home.

Unfortunately, many couples cannot afford these types of treatments on their own. However, you can find help through supplemental infertility insurance. This basically allows you to get your desired treatments without having to file for bankruptcy in the process. The best place to start is your current insurance company. Just remember that this is extremely different from any other insurance, so it is recommended that you look around and check out all your options.

While it will cost a monthly premium, you will have access to several fertility treatments types. Whether its diagnostic fertility tests, artificial insemination, or anything else associated with fertility procedures, they will be available. You also might find that the insurance will cover diagnostic tests as well, including laparoscopic surgery.

This is a huge benefit considering the infertility insurance plans will cover the most inexpensive treatment that will work for you. Keep in mind, they will probably only cover a certain amount of cycles, which usually between 3 and 5. It’s also important to understand that donor eggs and sperm are not normally covered by infertility insurance.

When looking over infertility insurance, it’s important to know that there are three different forms. First you have standard health insurance. It’s basically as easy as paying a monthly premium for the cost of specific fertility coverage. You will also find refund programs that you can pay upfront for, but if the treatments aren’t successful you can receive a 70%-100% refund. Then of course you have financing, which allows you to take out a loan for the entire cost of your infertility procedures. If by chance you still don’t have a baby, the loans don’t need to be paid back in full.

You will find that some couples still won’t be able to obtain infertility insurance. This is why it’s extremely important to look at every insurer you can and figure out what type of qualifications need to be met. Some of the usual criteria revolves around owning an existing insurance policy, be under the age of 40, and have had this problem at least 1-5 years. Then of course if you do get accepted, the policy must be held for the minimum of one year before it can be used.

In the end there are a lot of variables to consider when getting infertility insurance. It will come down to whether or not this step is a necessity for you and your partner’s future in having a child. Thanks to infertility insurance, you could have a newborn at an affordable cost, and still have money left over to take care of him or her. It’s definitely an option to consider for any couple trying to get pregnant.