Infertility Insurance Coverage

Infertility is fast on the rise. Many couples have been rendered childless due to infertility issues with either of the partners. In the US alone, infertility affects around six million lives. Many couples seek infertility treatments. Though some of these problems can be treated with medications or through surgical procedures, some couples have to dig deep holes into their pockets to bear the cost of advanced infertility treatments such as IVF and IUI.

And such treatments can only be afforded by deep-pocket couples. Just imagine, the cost of IVF can make you poorer by thousands of dollars. And one attempt or one trial of IVF cannot guarantee success. If a repeat process takes place, the cost multiplies.

Talking about the financial cost of infertility treatments, luckily, there is light at the end of the tunnel. Some insurance companies have come forward to offer insurance cover for some of the high-end infertility treatments. Though such policies are quite different from normal health policies, these can give a financial respite. Some of these may charge extra fee while some offer limited cover for drugs and treatments. On the whole, you may find at least three broad types of infertility coverage.

The first type of coverage is similar to taking a loan and financing your treatment. And you have to repay the loan in full only if you conceive successfully. This coverage gives you the opportunity of immediate financial assistance required for the treatment. The next of the three types of infertility coverage is much similar to a normal coverage policy wherein the insured has to pay a monthly premium.

The third one involves refunding your own money, which has been incurred in the treatment. Here, you finance the treatment with your own money and if the treatment is unsuccessful, the insurer refunds the treatment amount. You may get back at least 70 percent of the amount spent on the treatment.

As such, it is for you to decide which type of policy you may apply for. You can consult not only your agent but also your physician before taking a policy. Nevertheless, infertility coverage has come as a breather for many couples who cannot afford advanced infertility treatments.