Infertility Insurance

Getting pregnant does not come natural for all couples. A substantial number of them find that they are unable to conceive a child naturally. Fortunately, there are various fertility treatments and procedure available to help couples increase chances of conception. However, the cost of these fertility treatments can be expensive and can easily wear out an entire savings. But with good planning and preparations, couples can still get quality fertility treatments through the help of infertility insurance.

What is infertility insurance?

Infertility insurance is a type of coverage designed to help couples pay for costly fertility treatments.  Couples with this kind of insurance can get coverage for various infertility procedures, including testing, artificial insemination, and in-vitro fertilization. Insurance provider will also pay for a portion of the cost of services of your fertility procedures.

Fertility treatments and cost

There are several different fertility treatments available to couples. For your fertility problems, you should see a reproductive endocrinologist instead of your regular OB/GYN to discuss the best option for you. In-vitro fertilization is a very effective procedure but just one in-vitro treatment can cost around $8,000 to $10,000.  For instances when the problem is sperm with low motility, hostile cervical mucus, or presence of sperm antibodies, artificial insemination can be performed to increase the chance of pregnancy. This procedure has a 5-20% success rate and can cost up to $500.

Because of the high cost of the fertility treatment and medication, many couples cannot afford to finance
treatments on their own.  Fortunately, there are affordable infertility insurances that can help couple conceive a child without the risk of going bankrupt. In fertility insurance is available from your existing insurance company, but you may need to review their policy and look around to make you sure get the best offer before acquiring one.

Types of infertility insurance

There are three different types of
infertility insurance.  Consider your family fertility history in choosing which of the three to acquire.

  • Standard health insurance: This type of insurance requires that you pay a monthly premium in exchange for specific fertility coverage.
  • Refund programs: Refund programs require you to pay upfront for your fertility treatments.  The couple gets back between 70% and 100% of the money paid in the event they fail to obtain pregnancy.
  • Financing:  The couple can take out a loan to cover the infertility procedures.  If they do not have a baby, these loans do not need to be paid back in full.

Who can get infertility insurance?

Unfortunately, not every couple is able to get infertility insurance.  The criteria for qualification vary from insurer to insurer but there are certain conditions that you have to meet before being approved for infertility insurance.  These qualifications usually require the couple to already hold an existing insurance policy.  They may also have to be under the age of forty and have to be struggling with infertility problems for one to five years.  The couple then must hold on to the policy usually for a year before they can use it.