What is Infertility Insurance?
For some women who are having a difficult time becoming pregnant taking fertility treatments and fertility drugs can be good choices, however the treatments and the drugs can be very expensive and unaffordable for some people. Treatments such as in-vitro fertilization (IVF) and IUI can be cost prohibitive. Fortunately, some insurance companies offer infertility insurance and it can make infertility treatments affordable for you.
Infertility insurance is basically structured to assist you with the expenses associated with infertility treatments. The insurance companies that provide infertility insurance will cover a variety of procedures that are involved in the fertility treatment process such as artificial insemination, embryo transfer and fertility testing. Usually the insurance will pay for some of the costs if your partner has to take infertility treatments.
Why Should You Buy Infertility Insurance?
Infertility problems are increasing in the United States and as people become more aware of the rise in infertility problems and the enormous expense of infertility treatments the demand has increased for infertility insurance. Medicines that are used to help with infertility can cost thousands of dollars each month while you are undergoing the treatments for infertility. Some couples that choose to undergo the treatments end up going bankrupt due to the extremely expensive procedures. Having infertility insurance can help you avoid bankruptcy.
The Types of Infertility Insurance That are Offered
You can get infertility treatment coverage in a standard health insurance program that will cover some of the costs of your infertility treatments and drugs. This type of coverage usually has a maximum amount that will be paid. You can choose to purchase a refund insurance program which asks you to pay for all the costs associated with your infertility treatments before you begin the procedures. IF the treatments don't work for you the insurance will provide you with a refund that is usually between seventy to one hundred percent of your costs. You can also choose to receive a loan for your fertility treatments. Usually if you don't become pregnant you do not have to pay back the loan.
The type of infertility treatments that are covered by insurance vary depending on the insurance company. If you choose to purchase infertility insurance be sure you examine all the details of the policy before you purchase it and make sure it covers all the diagnosis tests, the necessary medications and fertility treatments. Unfortunately the majority of these insurance plans that are available usually just provide coverage for the least expensive infertility treatments that might be useful for you.
Some of the infertility treatments that are typically paid for by insurance include IUI, ZIFT, GIFT and IVF. Some infertility medications are not covered by the typical infertility insurance plan. Some states require companies with more than fifty workers to provide infertility coverage as part of the health insurance package. Since infertility treatments are extremely expensive you might want to consider purchasing insurance that provides coverage for infertility treatments and drugs.
