Having a child can put a big hole in your finances - a tooth that many people are not necessarily plan . Even if you plan ahead when deciding to grow your family, you can always be surprised at how much it costs to have a baby.
How much does having a baby?
Prospective parents often forget to consider the financial impact of hospital bills in their budget planning. One in four new parents end up spending over $ 2,000 on medical services in normal birth, they mistakenly believed would be covered by their health insurance. Pregnancy or birth complications can still contribute to the increase in non-pocket costs.
Why does it cost so much?
Health care in the US is charged per service and each hospital gets to set its own prices. For complex admissions, such as childbirth, many small expenses can add up quickly, because the American standard of care at birth has grown to include a number of expensive tests.
What can I do to reduce my cost of having a baby?
maternity and newborn care are considered a benefit of essential health and covered by health plans under the Affordable Care Act. Call your insurance company to find out exactly what services will be covered during your pregnancy, birth and after birth, so that you will not be any surprises when you receive your medical bills.
How do I start?
Speak with a licensed insurance advisors GoHealth to make sure you have health insurance before getting pregnant. Call (888) 322-7557 to speak directly with a counselor or learn more GoHealthInsurance.com.
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