It can be expensive to try and conceive. You can expect to spend thousands on fertility drugs, fertility treatments, and fertility tests. For example, fertility medication costs more than $1000 per month and one in-vitro fertilization treatment costs more that $10,000. You will need multiple treatments to get pregnant. Reproductive technology procedures cost $4,000 upfront.
Benefits of insurance for infertility treatments
Infertility insurance can help you to lessen your financial burden when you become pregnant. Depending on which type of coverage you choose, you will be covered for almost all aspects related to your infertility treatment. This protects your wallet from future losses and allows you to spend that money on other things like getting the nursery ready.
The financial benefits of insurance for infertility treatment do not end there. You will find that your stress levels are significantly reduced when you can focus on getting pregnant and not worrying about money. High stress levels can negatively impact fertility levels for many reasons.
For example, stress hormones can adversely affect menstruation cycles and ovulation cycles for women and sperm counts in men. Stress can also lead to unhealthy lifestyle choices, such as smoking, poor diets, alcohol consumption, drug use, insufficient sleep, and lack of exercise. All of these factors are known to have a negative impact on fecundity.
How to Get Coverage
Infertility insurance is an essential part of a healthy life. It must be noted, however, that not everyone is eligible for insurance. Your private insurance provider will determine the criteria you need to be eligible for insurance. These include your age, number and length of attempted conceptions.
There are steps you can take to ensure that your coverage is appropriate. Here are some steps to help you find the right coverage for your needs:
It is important to know the laws in your state regarding infertility insurance. Insurance for infertility treatments may be mandated by the state to cover advanced treatments in Massachusetts or a state law that covers only those employers who wish to buy it in Texas. Ask your employer for coverage. Look into your company’s insurance plans to ensure that you are covered for infertility treatments. This will ensure that you have read all the details and are familiar with how they relate to state laws. It is important to understand all terms and conditions of your insurance contract. Infertility insurance providers often conceal vague provisions in order to avoid paying for many treatments.
There are many options for insurance coverage. There are two options: you can pay monthly premiums to certain infertility treatment or you can avail of refund programs that reimburse you for your initial payment. If you do not conceive, you can also take out a loan that does not need to be repaid.
No matter what type of insurance you choose, it might not cover the entire process. It is a great way of saving stress and money.