IVF Insurance Coverage – Overview
Infertility treatments are becoming more advanced day by day with innovative technologies. Infertility can be treated and anyone can now become a parent with in-vitro fertilization i.e. IVF treatment.
Many people do not know about this treatment and its costs. They always have one question in common and i.e. Is IVF covered by Insurance?
To give a satisfactory answer to this question, we have covered up all the information about the things you should know about going for IVF treatment if you have your insurance coverage.
Is IVF Covered by Insurance?
The following blog would give you all the information about the overall cost for IVF treatment and the cost for the IVF treatment for Insured people. Let’s get on to the details now!
The Need for IVF Treatment
Before we jump on to the information about insurance coverage for IVF Treatment, let’s see why should people go for the IVF treatment in the first place.
Gone are the days when couples with infertility have to spend their entire life without their child.
The dreams of such couples can now be fulfilled with IVF treatment i.e. in-vitro fertilization treatment.
Year by year, IVF treatment is becoming more and more popular as not just infertile couples, but people with same-gender relationships or single people can also become parents through this procedure.
IVF Treatment and Insurance Coverage
IVF Treatment for Medical Insurance Covered people can be a little complicated as the treatment and the medical insurance may vary depending on the insurance company and the insurance plan that you have availed to you and your spouse.
Unlike other treatments, IVF is a bit expensive treatment and not all couples can afford it. Many people used to avoid going for IVF just because of its high cost.
In general, expensive fertility treatments are not covered under medical insurance.
However, with the growing popularity of this treatment and its benefits, some companies now provide little insurance benefits to those who want to go for IVF treatments.
Such companies provide coverage for basic diagnosis services and medications.
Low-income groups with a Medicaid policy will get discounts on the treatment.
However, they also have to pay from their pocket for the expenses of this treatment. Sometimes, they have to pay thousands of dollars as additional fees for the treatment.
Understanding the Laws of Infertility Treatments
The laws for this special treatment are different from state to state. For detailed information about the laws set by the state government, head over to this official page now!
For that reason, you must understand the laws for this treatment and its coverage by the insurance provider.
You may ask a set of questions directly to your insurance provider to resolve all the queries regarding IVF or any other expensive treatments to cure infertility.
Know About Your Plan
The first thing that you should understand before going for the IVF is knowing your plan and its coverage. The medical insurance policies have two different plans, fully insured and self-insured.
Fully-insured people have to follow the laws set by the states. However, self-insured or self-funded plans do not require following the state laws. The laws for self-funded people would be the same for all the states.
Insurance Coverage As Per Your Age
Insurance companies provide medical insurance to different age groups. The laws and premiums for different age groups may vary.
You should know about the age group and the coverage implies to it if you go for the infertility treatment from the insurance provider.
Frequently Asked Questions:
Question 1: Do my insurance cover IVF treatment and its expenses?
No, insurance plans do not cover IVF treatment or any other infertility treatments. IVF treatments are additional treatments and hence they are exempted from the coverage by the insurance companies. However, the insurance provider can provide coverage for diagnosis services and medications.
Question 2: Will Medicaid cover infertility treatments?
Apparently, no! Medicaid doesn’t provide coverage for infertility treatments as they are also exempted by the state governments. It doesn’t even cover diagnostic services cost that you have to go through while following the IVF procedure. The entire cost will be paid from your pocket.
Question 3: What are the Infertility Options available?
To know about the available infertility options, the first thing you need to do is visit the clinic of infertility treatments provider.
You would be asked to go for some basic tests to determine the actual problems you have.
After examining the medical tests, you would be suggested to go for a particular treatment such as IVF, IUI, and many others more.
IVF is the most popular infertility treatment which is done in cycles.
Since IVF doesn’t cover Medical Insurance, you must look for other resources available for you.
If money is what stops you from going for this treatment, just search for the government grants that provide financial support for infertility treatments.
Besides this, you can also borrow loans at low interest from organizations. Organizations provide low-interest loans to such couples.
The best thing you can do is discuss your financial problem with your medical consultant. They will provide the best solutions to fulfill your dream of becoming a parent!