Deciding to start a family is an exciting time! As you begin to plan for this new journey, one crucial aspect to consider is your health and life insurance coverage. Ensuring you have the right plan is vital to providing the best care and stability for yourself, your partner, and your future children.
Let us guide you through various options to help you prepare.
Health Coverage
Having a baby or adopting a child is considered a Qualifying Life Event, allowing you and your child to enroll in a Marketplace health plan outside of the Open Enrollment period. Additionally, based on your income and family situation, you may also qualify for Medicaid.
Here are a few insurance benefits to consider when you’re looking for a plan:
Prenatal care: Regular prenatal care and monitoring is essential for the health of the mother and developing baby. Most health plans include prenatal care as it is considered an Essential Health Benefit under the Affordable Care Act.
Labor, delivery, and recovery: Most health plans include coverage for labor, delivery, and recovery, but it’s important to check with your plan to find out exactly what services are covered.
Pediatric care: By partnering with a pediatrician, you can ensure your child receives comprehensive care tailored to their developmental needs, setting the foundation for a healthy future. They will closely monitor your baby's growth and development from infancy through adolescence, and track their physical, emotional, and cognitive milestones, ensuring they meet age-appropriate benchmarks.
Mental health care: Postpartum depression and postpartum anxiety are common among new mothers and can significantly impact mental well-being. Having coverage for mental health will ensure you get the support you need. If you or someone you know is experiencing symptoms of postpartum depression or anxiety, you can contact a healthcare provider, mental health provider, or a postpartum support hotline.
Fertility treatments: For those who need extra help to conceive, fertility treatments and medications may be necessary. Due to the high cost of treatments, you may want to find a plan that provides this type of benefit. Not all plans offer fertility coverage, so it’s best to speak with a licensed agent to get help finding the right plan for you.
From prenatal care to pediatric visits, having the right insurance is crucial for your family’s health and financial well-being. It ensures comprehensive coverage, helping you manage medical expenses and plan for the future with confidence.
Finding an In-Network Provider
One of the early steps in family planning involves researching the various doctors and hospitals who will be involved in your care before and after having a baby. When finalizing this decision, you should ensure that the providers you choose are in your health insurance plan’s network, so that your medical bills will be covered at the highest amount possible.
Additional Coverage to Consider
In addition to basic healthcare needs, you and your children will need other care such as dental, vision, and potentially more. It can also be worth purchasing coverage for accidents, critical illnesses, and hospitalization, to reduce the financial burden when the unexpected happens.
Now that you have or will have children who depend on you, life insurance should be at the forefront of your planning for your growing family. A life insurance policy can offer peace of mind that your partner, spouse, and children are financially secure, should you pass away unexpectedly.
Insuring a Brighter Future
Having the right health insurance plan helps growing families afford regular, essential healthcare.
Our team at LEB Insurance Group is here to help take this important step in your family planning journey by finding you coverage that meets your need and budget. Contact us today!
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