Surrogacy Insurance

So, who doesn’t have questions about insurance? Especially since the insurance landscape changes annually. Well, we are here to help clear up any confusion Intended Parents and Surrogates have regarding health insurance and how it fits into your journey to parenthood or your own surrogacy journey.

Surrogacy Insurance

So, who doesn’t have questions about insurance? Especially since the insurance landscape changes annually. Well, we are here to help clear up any confusion Intended Parents and Surrogates have regarding health insurance and how it fits into your journey to parenthood or your own surrogacy journey.

To Start, Let’s Define The Insurance Terms

Surrogacy Insurance

Premiums:

These are the payments made to the insurance provider for the cost of coverage itself. The premiums are paid monthly to maintain coverage.

Out of Pockets Costs:

Although every health insurance plan is different, these are costs that the insured, the Surrogate on behalf of her Intended Parent, must pay. Again, since every plan is different, the maximum out-of-pocket cost is set by the policy and normally is based on the calendar year.

Deductibles:

Each year every policy has an amount that must be paid before the insurer (the insurance company) begins to pay for costs incurred medically.

Medical Liens:

Medical Liens are the right of a health care provider or insurer to assert an interest in their patients’ personal injury recoveries, which is now being applied by some health insurance companies for women acting as Surrogates. The amount that can be recovered by way of a medical lien will be limited to the cost of the treatment or the service provided; however, it is usually the lesser of the cost of services or, if more, 1/3 of the compensation paid to your Surrogate according to California Civil Code Section 3040.

Co-Payments:

This is the amount the insured, the Surrogate on behalf of her Intended Parents, for covered services that must be paid after the deductible is satisfied.

To be honest. It would be best if you considered it from the beginning, and it should be part of the matching process. With Conceptual Options, you will receive an explanation of your potential Surrogate’s health insurance policy and/or the additional options that are available to you. In fact, you will be provided a professional review of your potential Surrogate’s health insurance policy to make your decision easier and make your journey smoother.

Unfortunately, health insurance coverage and costs are increasing every year. Most expect that these policies will actually increase approximately 8% every Open Enrollment Period.

This is the period of time that happens yearly when people can enroll in a new health insurance plan or change their current health insurance policy. The only other time you can apply for health insurance in the United States is if your Surrogate has certain life events, like getting married, having a baby, or losing other health coverage. Job-based plans may have different Open Enrollment Periods.

This term refers to the Affordable Care Act, aka Obamacare, that is available to those living in the US.

Note that not all policies are created equal. In fact, some policies, whether through the ACA Exchange or privacy policies, can exclude coverage for a woman acting as a Surrogate, or the policy will cover your pregnancy. Still, it will place a lien on a portion of the Surrogate’s compensation. But, there are always other options for you and your Surrogate.

Conceptual Options is here to discuss these additional options, and we can point you in the right direction for those professionals in our amazing industry who can also provide and verify everything you need to know about health insurance for your Surrogate and your children so that we can make your surrogacy journey as stress-free as possible. You don’t know until you know!