Month 6: Estimate out-of-pocket costs7 of 11Check with your health insurance plan to see how much of the anticipated cost of pregnancy and delivery will be covered by insurance, and how much will be out of pocket, Greenfield says."A lot of insurance plans have co-pays," Greenfield says. "Or, there's a percentage that you pay, and so there's substantial out-of-pocket expenses with most hospitalizations now and often with the office care as well."For example, some insurance plans cover mainstream costs associated with cesarean sections or epidural anesthesia, but may leave patients to pick up the tab for less common costs such as doula fees or home births.Other plans may have substantial co-pays figured as a hefty percentage of a procedure's costs. Related Articles:7 ways to save on baby costsTalking finances with the kidsFrugal summer fun10 hot toys for under $20Related Links:Can you afford private school?How secure is life insurance?4 ways to trim health costs today10 best work-at-home jobs advertisement
Check with your health insurance plan to see how much of the anticipated cost of pregnancy and delivery will be covered by insurance, and how much will be out of pocket, Greenfield says.
"A lot of insurance plans have co-pays," Greenfield says. "Or, there's a percentage that you pay, and so there's substantial out-of-pocket expenses with most hospitalizations now and often with the office care as well."
For example, some insurance plans cover mainstream costs associated with cesarean sections or epidural anesthesia, but may leave patients to pick up the tab for less common costs such as doula fees or home births.
Other plans may have substantial co-pays figured as a hefty percentage of a procedure's costs.