Our life is full of uncertainties and threats. And due to this, we can have to face ailments, threats, and other consequences in our life. Infertility is one of the ailments that work as a barrier in your parenthood journey. As per a study of 2020, India has approximately 37 million couples with infertility. It is a reproductive health problem in which both of you can’t become parents or bring a child into your home.
You start looking for fertility treatment in Bangalore or your locality when you don’t succeed in your parenthood journey after trying for more than a year. Infertility treatment can cost you from INR 1 lakh to 4 lakh. And many people can advise you to use your insurance policy for treating your fertility issues, as the cost is out of reach for some of you. Before moving ahead what you should do, you should know about insurance and fertility treatments.
What Is Insurance?
Insurance is a type of contract, usually represented as a policy, in which a person or enterprise has reimbursement or financial protection against losses from an insurer. The insurance company, the insurer, provides a list of risks covered in the policy to make the payments affordable for the person buying an insurance policy.
What Are Fertility Treatments And Why Do You Need Them?
As common couples, you are not aware of what reproductive health issues you have. You have infertility due to several causes. This infertility could be genetic, ageing, environmental factors, unhealthy eating habits, smoking/drinking, infections, surgical abortion, and reproductive health issues such as PCOS.
After going through a few respective test results, your doctor confirms what exactly has caused you to have fertility problems and advises the possible fertility treatment options. The options could be:
- IVF
- IUI
- ICSI
- Surrogacy
- Vitrification
- Donor Programme
- PESA/TESA
Fertility Treatments and Insurance: What You should Know
Your Fertility treatments and health insurance policy are two different things that you receive from different entities. Here are the points that you should know about your insurance and fertility treatments:
- Does a health insurance plan covering fertility treatments exist? – In general, insurance companies offer a set of health benefits under their insurance policies. These benefits can be emergency services and paediatric services. Infertility treatments such as IVF are highly expensive. We can cost a couple anything between 1 to 5 lakh rupees without any success guarantee. So, many companies didn’t cover fertility treatments earlier. Now, the trend has changed and some insurance companies are offering policies that cover fertility treatments.
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- Know the coverage you have in your health insurance policy – A health insurance policy that covers fertility treatments has some inclusions and exclusions. As a conscious insured person, you should be aware of the inclusions of your health insurance. Your health insurance policy may or may not include:
- Full infertility insurance coverage
- No fertility insurance coverage
- Infertility diagnosis only
- Infertility diagnosis and limited treatment
- Medication coverage
- Keep exclusions in mind – Similar to inclusions, health insurance policies have some exclusions. And as a health policyholder, you must know about the exclusions. The exclusions may be:
- Infertility treatment drugs
- Treatment cycle, especially number of cycle
- Surrogacy
- Connect with your insurer before switching your insurance plan – Some of you may think of switching your insurance plan after knowing the inclusions, exclusions, and benefits of other plans. Before you move ahead to switch your plan, you should connect with the representative of your insurance company, be confirmed on each & everything, and make a wise decision.
