There are many couples today who desire to have children, but face difficulties with fertility. Luckily, with advanced medical technology available, there are fertility clinics that specialize in treatments such as IUI, IVF and fertility-encouraging drugs. However, these treatments can be very costly, making them impossible for many couples to obtain. Fertility insurance may be a viable new option for these couples to consider. Several different insurance companies now provide this type of coverage for couples under the right conditions.
Facts about Fertility Insurance
Just like regular health insurance, fertility insurance is paid for in monthly premiums. For this cost, the insurer will provide a care plan that covers a wide range of different fertility treatments. These can include diagnostics and artificial insemination as well as other assisted reproductive methods. Fertility insurance ensures that if the need for these treatments arises, the insurance company will provide adequate coverage for them. Fertility insurance is privately available all throughout the country, and is in fact mandated in certain states.
Why Choose Fertility Insurance?
Today, over six million American citizens face problems with fertility. With this increasing number, treatment is becoming a necessity. Since fertility drugs alone can come with a price tag of over $1,000 per month, the procedures are completely out of the question for many couples. Fertility insurance can help couples get these important treatments without going bankrupt. For years people have insured their health, their teeth, their homes and their pets – and now they are taking charge of their finances in regards to fertility as well.
What Does Fertility Insurance Cover?
Since the exact parameters of fertility insurance plans vary according to the situation, it is vital to learn what is covered before purchasing. Ensure that all diagnostics, drugs and available treatments are included in the coverage. With certain plans surgery may even be covered. Generally, the lower-end fertility insurance plans cover the least costly treatments that will work. Treatments such as IUI, IVF and GIFT are usually covered in a basic fertility insurance plan. Using donated eggs and sperm is not usually covered by fertility insurance.
Who Can Have Fertility Insurance?
The requirements for purchasing fertility insurance will vary from company to company. A few of the qualifying requirements are age and amount of time struggling with fertility. Couples must generally be under the age of 40 and have been trying to conceive for at least a year to qualify, in most cases. Couples may be deemed uninsurable if they do not have prior coverage and are in the process of being checked out for fertility problems. In such cases, check for financing options or discount programs offered by the fertility clinic.
Fertility Insurance Laws
The laws regarding fertility insurance will vary according to where the couple lives. There are some states that require businesses with over 50 employees to offer fertility insurance included in their health care package. Some of the states that require this include New York, Ohio, Massachusetts, California, Texas, Hawaii, West Virginia and Illinois. States that are not included in the list have no special mandates regarding fertility insurance for their employees.