At the time a couple finds out that they are infertile, there are many options available to them to pursue their dreams of having their own newborn baby in their arms. For many couples, the primary thing that stands in the way of this dream is money.
Aside from a host of natural ways to boost fertility, there are multiple different medical fertility treatments available however these can often be very expensive.
In-vitro fertilization(IVF) is one very effective option but just one in-vitro treatment can cost the hopeful couple thousands of dollars. And for most couples, it will likely take more than one treatment to get pregnant.
Aside from IVF, some fertility medications can cost in the vicinity of $1,000 per month and other assisted reproductive technology procedures can cost over $4,000!
The effect of all of this is that many couples simply can’t afford to finance such expensive fertility treatments by themselves. Thankfully there is supplemental infertility insurance for couples that will allow them to pursue the treatments they need without having to sell the house. In most cases it’s quite affordable and you can usually get it from most insurance companies (keep in mind that each policy is different so you really need to do your homework before you buy one).
For the usual monthly premium, insurance providers will supply you with a plan that will cover a select range of fertility treatments. The treatments usually include the standard diagnostic fertility tests, artificial insemination, and other types of assisted reproductive technology. However, they may also cover diagnostic test procedures, including laparoscopic surgery.
Normally, infertility insurance plans cover the most inexpensive treatment that will work for the couple. They typically only those cover treatments for a particular number of cycles also, often between three and five. In most cases the use of donor eggs and/or donor sperm is not covered by infertility insurance.
Different Types Of Insurance
There are three different types of infertility insurance. Initially there is standard health insurance. This type of insurance requires that you pay your monthly premium in exchange for specific fertility coverage.
Another kind of insurance is a refund program. These will require you to pay upfront for your fertility treatments, and collect the refund later. If you are unsuccessful and don’t have a baby then somewhere between 70% and 100% of the money is typically paid back to them.
The third type of infertility insurance to consider is ‘financing’. The hopeful couple can take out a certain kind of loan to cover the fertility procedures. If they are unsuccessful and do not have a baby, then these loans do not need to be paid back in full.
What Qualifications Are Needed To Get The Insurance
Unfortunately, not every couple is eligible to partake in infertility insurance. It obviously varies from insurer to insurer but there will be certain criteria that you will need to meet before they will approve your application. These criteria usually require you to already hold an existing insurance policy with that company. They may also have age restrictions as well as a designated period of time for which the couple has to have already been trying. In many cases, the couple must also hold on to the policy usually for a year before they can make any claims.
If you’re facing medical treatments to address infertility, then you may wish to consider if insurance is a good choice for you. Keep in mind the massive number of ways to naturally increase your fertility, which don’t need medical intervention.
Take our free course for more information.
