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Indiafirst Life Garners Over Rs. 1000 Crore Premium in FY 2011-12

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 Company sees substantial growth of over 40% y-o-y

 Corporate/ Group business increased by 3 fold

 Increased foothold in rural India by tying up with 10 Regional Rural Banks

 Consistent expense ratio in the range of 19-20%

 Approximately 1.6 million lives* covered till date

Mumbai, 4th

April 2012: IndiaFirst Life Insurance, a joint venture between two of India’s largest public sector banks – Bank of Baroda and Andhra Bank along with UK’s leading risk, wealth and investment company Legal & General, has managed to achieve substantial growth of over 40% y-o-y by garnering over Rs. 1,000 crore premium during FY 2011-12.

The announcement was made by Dr. P. Nandagopal, Managing Director and CEO, IndiaFirst Life Insurance.

IndiaFirst has been able to achieve this feat of garnering over Rs. 1000 crore of premium in a single financial year, i.e. in its second full year of operations itself.

“We believe staying true to our promise of providing fair value to all stakeholders – customers, distributors, employees and shareholders – has been the reason for our success so far. Being incorporated in November, 2009 we have approximately covered 1.6 million lives. The trust displayed by our customers, distributors and shareholders in us, adds to our responsibility of ensuring continuous innovation to keep providing enhanced value,” said Dr. Nandagopal.

This year saw IndiaFirst Life launch various innovative products such as the IndiaFirst Money Back Health Insurance Plan,IndiaFirst Anytime Plan and the IndiaFirst Money Balance Plan. With innovative/ unique features, both plans have been well received by the market.

“We have launched various initiatives in our quest to always place our customers ‘First’ in everything we do – right from developing simple, easy to understand products that are fairly priced, to simplifying insurance and making it transparent through our sales literature and product AVs. Our digital channel Life Store and over-the-counter insurance process Ask-Apply-Get attempt at developing a new paradigm of generating pull for life insurance,” added Dr. Nandagopal.

Last financial year, IndiaFirst surpassed its rural and social obligations laid down by the regulator. The company acquired 14% of its business from rural India and covered 5,27,589 lives against 5,000 lives -truly taking the benefits of life insurance to the door steps of customers across the country, irrespective of their location. This year the company has further increased its presence in the rural hinterland of India by tying up with 10 Regional Rural Banks.

IndiaFirst Life has crossed Rs. 2,500 crore in total Assets under Management (AUM) at the close of 31st March, 2012.

About IndiaFirst Life Insurance

Headquartered in Mumbai, IndiaFirst, which is capitalized at Rs. 605 crore, is the country’s one of the youngest life insurance company promoted by two of India’s large public sector banks – Bank of Baroda and Andhra Bank along with UK’s leading risk, wealth and investment company Legal & General. Bank of Baroda holds a 44 percent stake in IndiaFirst, while Andhra Bank and Legal & General hold a 30 percent and 26 percent stake respectively.

For further details contact -

Ms. Tamanna Khanna

IndiaFirst Life Insurance

+ 91 98206 02369

tamanna.khanna@indiafirstlife.com

============================================================

Mr. T. Anand Mahesh

Mavcomm Consulting

+ 91 98707 16285

anand@mavcommgroup.com


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Health Insurance – Top-up Covers

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Top-up covers are, to put it simply, additional health insurance covers that take care of medical expenses that go over your main policy cover.

How Do Top-up Covers Work?

Top-up covers work on the deductible sum insured concept. Deductible amount means the amount which you have to pay first so as to trigger the top-up cover. You can pay this deductible amount from your existing / base health insurance policy, or out of your own pocket.

Here’s an example to explain this better:

  • You have a health insurance cover with sum insured X lakh.
  • There is a claim in the policy for X+3 lakh.
  • The base policy provides cover up to X lakh and the sum insured gets exhausted.
  • The remaining 3 lakh of claim amount has to be paid.
  • The top-up cover takes care of this surplus amount and the complete claim of X+3 lakh can be taken care of without you paying a single penny out of your own pocket.
  • These are some reasons to purchase top-up cover:
  • Increase in hospitalization expenses
  • Increase in the frequency for serious hospitalizations
  • Additional cover over and above the existing cover
  • Reasonable premiums as compared to the covered sum insured
  • Waiting periods and exclusions are as per the base policy

The question would arise in your mind regarding the necessity of having a base policy to purchase a top-up cover? Though the base policy is a requirement, you can still buy a standalone top-up cover where you do not have any base policy. In this case, as suggested earlier, the deductible amount will have to be paid from your pocket and all the standard waiting periods and exclusions would apply for this as it would for a regular policy.

Standard waiting periods:

  • First 30 days waiting period.
  • Waiting periods for pre-existing diseases and joint replacement surgeries.
  • Standard exclusion:
  • Pregnancy and child birth
  • HIV, AIDS
  • Plastic or cosmetic surgery
  • External equipment or aid
  • Dental treatment
  • Hospitalization for diagnostic purpose only
  • The exclusive lists of each can be read in the policy wordings.

It should be ascertained that when you purchase a top-up cover the deductible amount should match your base policy sum insured otherwise the difference would have to be borne by you

Why opt for a Top-up Cover?

The simplest reason for buying a top-up cover is that your health insurance policy may not always be sufficient when it comes to large medical expenses. Let us take the example of Aditi:

Aditi is a young corporate professional. She has health insurance for Rs.3 lakh. One day, she is diagnosed with a serious illness and is hospitalized for treatment. Within 5 months, her health insurance policy has been exhausted due to the treatment being very expensive. Luckily for Aditi, she had taken a top-up cover of Rs.10 lakh, with a deductible of Rs.3 lakh. So her medical bills continue to be paid without any trouble.

Top-up covers are also useful if you are a senior citizen, or approaching that age. As you grow older, getting an increase is the sum insured of your base policy will be difficult and expensive. The premium rates will be very high and there will be numerous medical tests to undergo as well. In this case, having a top-up cover means that you can stick with your base policy, while letting the top-up cover take care of any extra expenses that arise. To illustrate this better, let us see the example of Narayan and Irshad.

Irshad and Narayan joined the same company together when they were 25 years old and have been working there for 27 years. All these years, their employer had been providing health insurance for them, for Rs.3 lakh each. Now, at the age of 52, they want to change jobs and move to another company. Unfortunately, this company does not provide health insurance for its employees, and they both have to buy their own individual health policies. They both realise that as senior citizens with greater health risks, a Rs.3 lakh policy is no longer sufficient, so must go for a higher sum insured.

Narayan had remained content with the health insurance provided by the company. Now, when he goes to buy an individual policy, he finds out that there are numerous medical tests for him to take, and that when he finally takes insurance for Rs.10 lakh, the premium is extremely high.

Irshad, however, had taken the precaution of buying a top-up cover for Rs.15 lakh, to go with his employee health insurance. Now, he does not need to buy a policy with a higher sum insured. He simply takes a Rs.3 lakh policy. He knows that though a Rs.3 lakh cover alone is not sufficient, his top-up cover will take care of any extra expenses.

In the end, Irshad’s precaution of buying a top-up cover many years ago means that now he has to pay far less in premium amount, whereas Narayan must pay a very high premium while having less cover than Irshad.

So go for a top-up cover to secure yourself against health-related risks to your lifestyle and savings, and jiyo befikar!

To learn more about the Bajaj Allianz Extra Care Policy and how it can extend your health insurance, click here.


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Livpure – A Name You Can Trust

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Water is the most essential element after air on this earth for every individual to sustain their life. It is the key component of the parts of living being, especially human beings. Everyone needs water to continue their living but due to this tremendous increase in pollution we can’t directly drink the available water without purifying it. Water purifiers or filters are very necessary nowadays so that we can protect ourselves from various diseases that are spreading due to contaminated.

There are n numbers of traditional as well as modern ways to purify. But in this hectic lifestyle everyone prefers the modern ways to purify it. An extensive array of bacteria, viruses, fungi, algae and other microbes are present which are not visible with the naked eyes and these contaminants are harmful for our health and their presence only make the taste bad. But water purifiers help in this matter, they kill the micro organisms and make it fit for drinking. They are used for a healthy living because they remove contaminants from raw to produce drinking which is pure enough for human consumption.

A wide range of purifiers are available in the market and each of them uses distinct technology for purifying. Some use physical methods while others use chemical methods to remove the impurities. A purifier is called best when it purifies completely and makes it totally free from bacteria, microbes, toxins, chemicals and other harmful contaminants. When it comes to purification, every purifier has its own qualities and limitations but one should buy water purifier as per the specific user needs.

Luminous Water Technologies, one of the most trusted names in the Indian corporate world has entered into RO purifier industry and it offers purifiers in two ranges as per the consumer requirements. One is Livpure Touch and another is Livpure Touch Plus, whereas one follows the traditional RO+UV purification model while the other follows a more involved RO+UV+UF system. They offer technologically superior yet affordable potable water solutions. Their advanced efficiency matches the modem life style.

Livpure purifiers have innovative features like filter change indicator system, storage capacity and advanced dispensing option. They guarantee to remove 99.9% of microbes and chemical impurities from the water and make it pure, safe and crystal clear. We focus on delivering better-quality purification systems for home and commercial use across the Indian landscape.


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Health Insurance Options For Georgia Residents

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Irrespective of the fluctuations in economy, our healthcare requirements are always the same. It is our primary concern to see that we get a quality health care. Since there is a highly competitive environment outside there in the health insurance arena, there are a lot of health insurance companies advertising their health care plans at highly affordable rates and with highly beneficial coverage options. Therefore the task of finding a suitable health insurance plan is made easier than ever for the residents of Georgia.

Health insurance plans enable the Georgia residents gain access to quality health care as and when they require it. As the costs of health care treatments are escalating day by day, it has become a crucial necessity to have a suitable health insurance plan to face routine as well as emergency medical needs. Getting a good insurance plan is one of the best ways Georgia residents can secure the future of themselves and their families.

Health plans policies might appear tough to get if you are on a tight budget. The best thing to solve this problem is to go for a suitable group health plans policy. Group health plans policies are comparatively much cheaper than independent policies in Georgia as the insurance carriers take into account the average health care costs of a larger group of people. Therefore, the costs of premiums work out comparatively much cheaper for group insurance policies as against independent plans policies.

In Georgia, there are a number of insurance companies marketing a wide array of insurance policies. The customers can therefore easily compare between different policies and choose the right one that fits their typical care needs. Most companies in Georgia sponsor group insurance plans for their employees. In addition, it is also possible to independently purchase a suitable insurance policy by directly contacting the insurance carriers. In some cases, some organizations and professional associations offer insurance plans for their members.

Purchasing policies help the residents of Georgia get timely care by giving access to doctors, clinics and other care service providers that can offer the required medical care in return for a cost that will be wholly or partly paid out by the plan. On the other hand, the healthcare professionals very well know that the patients can afford expensive medical care treatments as they have already bought good plans.

The main difference between an inexpensive and expensive policy is the timely treatment. By having a good care coverage, Georgia residents need not look further to gain access to quality medical care during the crucial hour of need. In addition, healthinsurance policies encourage the citizens promptly take-up routine examinations. They also help people significantly lower the medical costs and the costs of trips to doctors.

Georgia healthinsurance market is flooded with a number of popular companies. Online search is the easiest and the fastest way to discover a good plan. Look for some companies in the State that have their own websites with literature detailing the care policies offered by them. Some independent websites also help the consumers compare between various popular health insurance plans.


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Contraceptive Coverage – A Case For Woman’s Health?

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Covering contraceptives in health insurance is controversial. There are multiple cases moving their way to the Supreme Court right now. However, they are all centered around religious liberties. This article takes a different look at this controversy. It explores whether contraceptives should be covered solely on their merit as a covered expense.

First point of confusion: In one sentence supporters say contraceptives must be part of free preventative care because women have a problem accessing these drugs. In the next sentence they say the Catholic Church needs to supply them because 90 some percent of women use them. If 90% of women use them, how can there be an access problem? Given the fact that there has to be some women who don’t want them, we can’t be talking about a big percentage of people having an access problem. Is there really an access problem?

Second point of confusion: Preventative care covers items like mammograms to help stop breast cancer, pap-smears to stop cervical cancer, PSA test to stop prostate cancer, blood work to stop heart attacks and strokes, flu shots to help stop the flu. In other words, everything in preventative care is to stop a disease. Are we now arguing that pregnancy is a disease? If not, coverage doesn’t belong in health insurance anywhere. In fact, health insurance only covers medically necessary procedures. In most cases, contraception isn’t a medically necessary procedure, which is why they aren’t covered now. (hold your comments, we will talk about medically necessary contraception in a minute). So we must decide, is pregnancy a disease, or isn’t it. If it is, let’s include it. If not, let’s not.

Third point of confusion: For all of the talk about women’s health, I have never heard anyone discuss why a drug that has been classified as a group 1 carcinogen (carcinogenic to humans) by the World Health Organization is good for women’s health. How can taking a carcinogen for a non-disease be good for a woman’s health?

A superficial argument going on is contraception should be covered because some women need it for medical purposes. This is superficial because, this is such a minority of the use and besides, it is already covered for medical purposes. Even the Catholic Church allows this. In fact, there are separate billing codes (CPT codes) for contraceptive use and medical use just for this reason. So this is already covered and no one is suggesting it be taken away.

One last thing that keeps me scratching my head, women in congress held a vote on a protest bill that would ban the sale of Viagra. Their point was if women can’t get the pill, men shouldn’t get theirs. I found this funny because Viagra isn’t covered by insurance now, and no one has suggested banning the use of contraceptives. In fact, one could argue that Viagra is for medical purposes and should be covered easier than making the argument that contraceptives should.

As far as problems with the opposition’s arguments, well that’s easy. They just aren’t addressing the supporter’s questions. It’s as if the supporter says, “Gee, it looks like rain today”, and the opposition says, “Yes the yellow school bus picked up my son at 6 today.” However, that’s because they don’t see this as a woman’s right issue, but one of religious freedom, so they are talking apples and oranges from the get-go.

Bottom line, it seems to me that the argument supporting contraception as a preventative service is; In the name of women’s health, we want to have free carcinogens to eradicate the disease of pregnancy because a very small portion of the population doesn’t have access because of cost. That is just nonsensical to me.
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International Medical Insurance for Individuals and Companies

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Health problems are on the rise nowadays due to the excessive stress that people are forced to face. The chances of getting ill may increase when one is traveling abroad in a new climate and environment.

Nowadays illnesses are on the rise due to unhealthy lifestyles and increases in stress levels. This is one reason that many people like to take out good health care. Some policies can be expensive and difficult to afford for many individuals and families. However by shopping around you may be surprised how much savings you can make. With a good health insurance plan, you can get proper medical treatment at the right time, which can sometimes mean the difference between life and death.

International medical insurance is of two types – Individual insurance and company/group insurance. While individual insurance is bought privately by people, company insurance is bought by an organization to protect its employees. Such insurance cover while traveling abroad will ensure that you get proper medical attention in a foreign country. Specialist and doctor fees, tests conducted, private hospital rooms etc are the expenses covered by international medical insurance.

There are many insurance companies providing international medical insurance, but you need to shop around before you actually settle on one. You need to ascertain your requirements and choose an insurance company that provides customize insurance policies to meet these requirements. You also have to ascertain that the insurance premiums are affordable and that you are happy with the terms and conditions of the insurance companies in the market.

A little research on the internet will give you a comparative analysis of the rates and policies of different insurance companies. As an alternative you can also take the professional help of insurance brokers who have agencies with a large number of insurance companies. These insurance brokers will be able to help you whether you require individual or group insurance. It is a good idea to use the services of an insurance broker that specializes in this field of insurance and they will analyze your requirements and recommend the right policy for you. Usually using these insurance brokers means a large amount of savings in terms of insurance premiums and your time. Most of these insurance brokers have internet presence and you can contact them through their user friendly websites.

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Indemnity Plans Making A Comeback, Is That Good?

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I’ve noticed a trend lately that has me worried. I have seen an increase in the number of agents pushing Limited-Liability Indemnity Plans (LLIP) instead of Major-Medical. I first raised my eyebrows when the agency I was working for decided it was the way to combat falling commission due to health care reform and continues today with blogs showing up discussing its virtue.

A number of things are driving this trend, but Health Care Reform is at the center of it all. Because LLIP are not covered by health care reform, Insurance Companies have been able to pay much higher commissions. Sometimes as much as 40% when Major-Medical is paying between 4%-12%.

Many rookie agents think they found the panacea. On the surface these plans look good, they cost much less, making the sale easier. Many seasoned agents have turned to them because they are struggling with lower commissions Healthcare reform caused in the Major-Medical market and feel they have to in order to make a living. Shame on them both.

Limited-Liability Indemnity Plans work differently than Major-Medical because they pay a set (or max) amount per procedure, rather than pay on what is billed. So, for instance, if you spend a night in the hospital they pay X number of dollars per day. If you have an X-ray, they pay a set amount for that procedure. If you have surgery, there is a set amount they pay depending on the surgery. Major-Medical on the other hand pays based on a pre-negotiated bill rate.

The difference looks subtle on paper, but in practice they cause major risks. LLIPs come in many different versions, some pay a fixed daily rate, some pay an “up to” amount. Some you select a daily room rate, then they pay an additional amount for miscellaneous expenses at some multiple of that. So you might have a room rate of $800 and have a payment of up to 3 times that, or $2,400 for miscellaneous expenses.

Here are some of the problems. Many times medical expenses are front loaded, think Heart Attack. Most tests and treatment are in the first day, the rest of the days are recuperation. The national average in 2009 ( the latest statistics are available from US Department of Health & Human Services) for a heart attack, runs around $77,000 and the average stay is 5 days. Let’s say you have the $800/day plan with $2,400/day, and there are no “Up To”s in it. That means the insurance will pay you $16,000 and you would owe $61,000. To make it worse, most LLIPs are not part of a network, so you won’t get any network discounts, which would drive your costs even higher. If you have some “up to”s in your policy, think even more. Consider what a cancer diagnosis would mean. You usually don’t have overnight hospital stays for it to pay on. Then what?

One other misconception is Major-Medical plans also pay a set amount per surgery, so there is some equality there. Major-Medical plans pay a pre-negotiated price and you won’t be responsible for any more. However, LLIPs pay a set amount, usually based on Medicare rates. This may or may not cover the surgery, and any cost above what the insurance pays you are responsible for.

There are other problems, such as filing claims and the paperwork involved, but we’ll leave that for another day.

Bottom line, if you can afford it, when something big happens, you will always be better with a Major-Medical Plan, even if you have a $10,000 deductible.

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Healthcare Software Plays a Major Role in Running Hospitals

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Health is one of the most rejoiced blessings of Almighty that humankind enjoys. A healthy person may not be wealthy yet enjoy his life but a sick person having bounties at his disposal may not be as happy as the former one. With the ever advancing time, advanced the technology developed by humans and that too at a rate of manifolds.

Wikipedia defines Healthcare software as – Software intended to analyze patient data generated by a medical device with a view to diagnosis and monitoring. Thus it is clear that today all sorts of medical devices and equipment use some sort of software to operate be it a dentist’s machine to get the X-ray of a human tooth or a super sophisticated radioactive machine that uses precise laser beam to perform chemotherapy.

The healthcare software are becoming an absolute necessity these days for all the hospitals especially to run them effectively. Cases came forward of multiple casualties caused due to over dosage of drugs suggested by software due to errors in coding which resulted in regulatory bodies strictly reviewing the software to avoid further casualties. After stretched R&D, certain norms were formed which are followed in US and Europe. Today all software are developed on US and EU norms. With the boom in IT industry, numerous organizations are developing software focused only on Healthcare Industry. One should understand that healthcare software are used not only to diagnose and cure medicines but also for the smooth and hassle-free functioning of the organization or hospital or wherever it is being implemented.

Let’s consider an example of any XYZ hospital using a series of healthcare software. These may primarily be used in operation of medical equipment but apart from that the secondary areas where these software may be used are numerous. Biometric attendance system uses a combination of software and hardware to mark the employees’ attendance using their fingerprints. Instead of hiring a clerk or manager, both resources and time may be saved by software that randomly assigns shifts of staff at various departments and times. A software may save a HR manager’s day at hospital by automatically calculating the working days and maintain the salary accounts of the employees. Earlier much time was wasted consulting hospital’s management and doctors regarding cases that fall under special category and may conflict with the organization’s policies. Welcome a new application that automatically does the required scrutiny for you. Many healthcare insurance companies are signing contracts with hospitals to provide healthcare services and with the entry of related applications and set of software the entries made at insurance office are mirrored at hospitals in contract and vice versa thus saving many lives due to the prolonged procedures used earlier. Even Nova (Earlier Excel) Hospital of Kanpur uses such software. Now clerks are no longer required to run all around the premises to the respective doctors to fetch and serve orders. Applications being used now make it possible to feed, manage and send the orders by the management or doctors. With just a few clicks an order may be transmitted to everyone intended in few seconds. Healthcare software also prevents the store rooms from getting flocked by files and records. Digitization makes it convenient store all the required data and records at single place which can be further accessed by authorized people through cloud computing or physical sharing. Since the time a patient gets admitted in a hospital to the billing of his treatment, Healthcare software takes care of everything.

Continuous research and development in this sector and collaborations with giant IT companies, organizations are now developing extremely advanced yet easy-to-use software that are making millions of lives easy and saving so much of resources. From peon to surgeon to Managing Director of hospitals, Healthcare software touch everyone’s life and somewhat act as a lifeline making the software an absolute necessity for effective and efficient running of hospitals.
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Maternal Health – Working Hand in Hand With Medical Aid Schemes

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To ensure a safe and healthy pregnancy, it is important to keep your body in the best possible shape. From vitamins to routine check-ups, the health of your baby depends on the manner in which you conduct your ante and postnatal health. Working hand in hand with effective medical aid schemes, you are able to optimise your wellbeing by covering all the necessary maternal bases.

Maternity Insurance In The US

When we discuss finding maternity coverage, we know that we are probably attracting two groups of people. One group is planning ahead for the time when they would like to have a baby. In this case, no family member is actually pregnant yet. This is, of course, a much better time to find maternity coverage. The other group of people who are reading this article already has a pregnant family member. In this case, they are probably scrambling to find some help covering all of the bills associated with having a healthy baby. This will be a little tougher, but there are still some options.

If You Are Planning Ahead For Pregnancy.

If nobody in the family is pregnant yet, but you plan on having a baby in the future, here are some common ways to find maternity health insurance. Some of these options, like payment plans or group health, may still work if you are already pregnant too.

Group Health Insurance – A work related health plan usually covers pregnancy. This is probably the easiest and most common way to find maternity coverage. If your current employer does not offer this, it may be time look for for one who does.

A pregnant woman may still be covered on her parent’s insurance if she is young enough. There could be other qualifications like she must be unmarried or a student too. A wife should be covered by her husband’s policy if they opted into that coverage. And of course, she would be covered by her own employer’s plan if it covers maternity.

Individual Health Insurance – I am not an expert on the private health plan market in every state. In my own state, I can tell you that most family or individual plans do not cover normal maternity costs, or they cover them with a very high deductible. The basic health plan should cover complications of pregnancy. So a C section should be covered. However a basic private health plan probably does not cover office visits, tests, or a normal delivery.

The only health insurance company that I know of that offers a maternity rider (option) is Time. This will vary by state, and it is an extra option with an extra premium. It also has a waiting period before it will pay benefits. If you think that you need this benefit, you must take it well before anybody gets pregnant!

HSA Health Insurance – In some states, there is an individual HSA (health savings account) major medical plan with a maternity rider (option). The health savings account part of the plan is a tax deductible account you must contribute to before you need it. The major medical has a maternity option you can choose. Keep in mind that this option will have a waiting period before it will pay any benefits so this will only work if you plan ahead. But if you do plan ahead, your HSA balance should help you defray the costs of the higher deductible.

Your HSA, on its own, can be helpful even if the major medical plan does not cover maternity. You could use your cash balance, for instance, to pay for prenatal care.

Supplemental Insurance – Some disability policies may cover time lost from work because of a pregnancy. I have also seen some supplemental hospital or illness policies that will pay in case of maternity. These plans are unlikely to accept anybody who is already pregnant though, and I have never seen one that would cover the whole cost of maternity.

Save Money – If you can afford it, and you have no maternity coverage, or you do not have much maternity coverage, you can save for it like you save for a down payment on a house or new car.

If You Are Already Pregnant Without Maternity Insurance

Public Health Insurance – CHIPS is the federal and state children’s health insurance plan. It also covers pregnant women. Your income must be less than the guidelines, but it is a good option for people with moderate incomes. You will be restricted to using the doctors on hospitals that participate, but you should be able to find medical care in your area. Very low income people with few assets may qualify for Medicaid.

You may also be able to find low cost clinics and hospital systems in your area. Visit PPARX.org because they have a search by zip code.

Your local Department of Health and Human Services is another public resource. Again, these options are probably going to work the best for people with limited incomes.

Payment Plans – Some OB-Gyns and hospitals have payment plans for the normal cost of maternity. You may need this if you lack coverage, or if your own health insurance will not cover the bulk of the cost. It would actually be better to check this option out before you are pregant, but if you are pregnant, it is an option to research. Try asking your current doctor or a nearby hospital. You might also search online for maternity payment plans in your area.

Private Loans – Many maternity doctors will give you a fee schedule for normal deliveries. Even if they have a payment plan, you may do better with your own financing. I hesitate to advise anybody to go into debt, but when you are safeguarding the health of a mother and baby, this may be something to consider.

Are You Pregnant or Planning To Get Pregnant?

Keep in mind that a normal US delivery costs $5,000 – $10,000. This cost will be multiplied if there are any major complications. In a perfect world, this would all be planned for before conception. I am not writing this to preach because I am aware that this does not always happen because we are humans living in an imperfect world. The most important thing is to make sure that the mother and baby have the best possible health care.

Are you concerned about the costs of having a healthy baby?
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Tips for Shopping For Non-Medical Insurance Plans

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Shopping of insurance is no longer challenging. Insurance shoppers can choose to buy their plans online or through an insurance agent. Alternatively, they can contact an insurance company directly via email or by phone.

Major medical insurance plans offer protection against the large expenses resulting from a major injury or serious illness, paying a substantial portion of hospital and physicians’ charges after the insured person has paid a deductible amount. Major medical insurance plans offer wide coverage for almost all medical expenses up to a high maximum benefit and are offered to both groups and individuals. Some plans may have limitations related to specific services.

Supplemental major medical insurance plans can be opted to cover those expenses not otherwise covered by the basic medical plan. Comprehensive major medical insurance plans coming under group health insurance are the most common plans combining both basic and major medical needs and usually pays for approved services in a calendar year after a deductible has been satisfied. Deductibles, co-insurance, lifetime maximum benefits, and covered expenses are common for both plans.

Major medical insurance plans do not cover damages caused by self inflicted injuries, war or act of war, eye examinations to prescribe or to fit the corrective lenses, hearing aids, cosmetic treatment etc.

Major medical insurance plans are available for those traveling abroad. International health insurance plans offer comprehensive major medical coverage in all countries including the US and are designed to meet the requirements of H1, H4 and new immigrants. These plans offer comprehensive medical benefits including maternity, mental health, preventive check ups and medical evacuation. These plans have no limit on policy renewals.

Some insurance plans have started the practice of issuing reports. These reports provide the satisfaction survey results and other information on the quality. The report also gives information on how many members stay in or leave the plan, how many doctors of the plan are board certified or how long one may have to wait for an appointment.

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