I'm hoping someone here might have a quick answer to (hopefully) a quick question:
I'm preparing to FIRE in the next 0-3 years, and have started pricing self-insurance for my family. I currently have one child, and may or may not have another in the same time period. For a variety of reasons, I expect that my family would not qualify for maternity coverage on an individual policy, and if we do have another baby, we would have to pay out of pocket for the pregnancy (unless I keep working and get insurance through my employer, which is the fallback plan).
My question is, do policies that do not provide maternity coverage still fully cover care for new born babies? I'm assuming that they would be covered immediately from birth regardless of whethe the mother is covered?
Thanks,
I'm preparing to FIRE in the next 0-3 years, and have started pricing self-insurance for my family. I currently have one child, and may or may not have another in the same time period. For a variety of reasons, I expect that my family would not qualify for maternity coverage on an individual policy, and if we do have another baby, we would have to pay out of pocket for the pregnancy (unless I keep working and get insurance through my employer, which is the fallback plan).
My question is, do policies that do not provide maternity coverage still fully cover care for new born babies? I'm assuming that they would be covered immediately from birth regardless of whethe the mother is covered?
Thanks,