How Can IVF Health Insurance Help You Have a Financial Gain?

The medical bills are touching the sky and wrenching all savings from most people. In such times, health Insurances are a helping hand to several families in time of emergency. IVF is no different. The treatment in IVF Clinic in Varanasi can make you think twice before entering into the treatment. We understand that not having a child is worse than not having money but IVF insurance health can give you both- relief from the cost and joy of becoming a parent. 

There are not many health insurance that cover IVF. You may have to ask the bank authorities about it. In such cases, gaining information about IVF insurance is a good move. This article will discuss with you IVF insurance and why you should opt for it. 

Why is the Cost of IVF Treatment high?

IVF treatment cost varies from location to location. Its range lies somewhere between 1 Lakh to 3 Lakh depending upon the location and cities. IVF is a complicated procedure that only experts can handle. The smallest of mistakes can fail the whole project resulting in a complete waste of time, money, or probably the health of the female with some side effects. 

There are other factors too that increase the IVF Treatment cost in Varanasi such as 

- Number of IVF cycles suggested for a specific patient. 

- Cost of donor sperm or eggs. 

- Cost of embryo freezing. 

- Medical condition of the patient. 

- Cost of tests & ultrasound involved. 

- ICSI treatment cost. 

We consider differentiating the IVF treatment cost into three sections for tier-1 cities, tier-2 cities, and tier-3 cities. 

IVF Cost in Tier-1 Cities: 

Mumbai, Delhi, Kolkata, Chennai, Bangalore, and other cities come under the Tier-1 section. An average IVF treatment will cost you 1.50 Lakh to 2.5 Lakhs INR. Some high-end clinics may go higher than that. 

IVF Cost in Tier-2 Cities: 

Tier-2 cities such as Hyderabad, Indore, Surat, Pune, Lucknow, Banaras, and other cities offer IVF treatment from 1.25 Lakhs to 2 Lakhs. The average IVF treatment in Varanasi costs 1.75 Lakhs. 

IVF Cost in Tier-3 Cities: 

Smaller cities offer affordable rates of IVF. Cities like Varodra, Bhopal, Gwalior, and other such towns offer IVF treatment from 90 Thousand to 1.25 Lakhs only. 

 

Does Health Insurance Cover IVF Treatment Insurance?

This is unfortunate that most health insurance doesn’t cover the allowance for IVF treatment. However, some companies recognize the need for it and cover it in special maternity policies. These policies cover IVF treatment and related procedures, tests, ultrasounds, and medical drugs. 

In case you want to go to an IVF center in Varanasi for treatment to heal your infertility, insurance can help you arrange money very quickly. You would need not to spend money from savings or issue a loan from the bank. The cost of an IVF treatment is high and you might need insurance to pay that. 

When applying for insurance, make sure to look out for maternity policies. The policies may vary from company to company. Some plans may cover only the diagnosis while others may cover the whole procedure. Custom health insurance plans can also be offered to you. Make sure to compare the several IVF insurance policies to find the correct one for you. 

There are several types of IVF insurance that we have covered below. 

Types of IVF Insurance Coverages:

 

Insurance for Diagnosis Only:

This type of IVF insurance policy covers only the diagnosis procedure and not the real IVF treatment cost. As IVF is not a diagnosis but a reproductive assistance technique, these policies don’t cover them. However, you can use this insurance for the diagnosis procedures. Note that before suggesting you’re a proper IVF treatment, doctors check your infertility with several tests. 

Infertility Insurance for Diagnosis & Limited Treatment:

This IVF insurance covers diagnosis & few limited treatments mentioned as medications or injections. The IVF treatment is costly and doesn’t come under the limited treatment segment. They support covering the diagnosis procedure which is suggested to check your fertility conditions as well as covering the oral medications, injections, or some tests. 

Medical Coverage:

Such IVF insurance doesn’t offer to cover IVF diagnosis as well as not the actual treatment cost. But it covers the cost of medications prescribed by an expert. This insurance is good for people who are looking for some relief from their bills. As this insurance policy will cover all medical expenses including IVF medications, it will indeed be helpful to cut a major part of your total expense.  

Full Infertility Treatment Coverage:

The full infertility treatment covering policy covers the complete treatment cost of IVF. The complete coverage will include the diagnosis procedure, medical expenses, and the treatment cost you will need to pay. 

Health insurance policies that cover IVF treatment are like any other insurance. Only by reading the policy’s terms & conditions, you will find out the right one you need. Also, keep an eagle eye on the terms as the insurance companies may put a cap on the IVF cycle covered or the number of children. 

Points to Consider Before Buying An IVF Insurance Policy:

An insurance policy considers many terms & conditions that you may ignore in quick selection. This may later affect your insurance coverage. Selecting the right type of IVF treatment insurance is essential for you. 

Above we have discussed several IVF insurance types and their allowances. Don’t forget to check those. But that’s not the end of the checklist. There are many other aspects that you must check before buying an IVF insurance policy. 

• Check whether you’re even eligible for IVF insurance or not. Different companies can have different criteria. 
• Understand what treatment procedures they are covering. 
• Know the maximum number of claims allowed for a couple under the policy of a specific company. 
• Be aware of the waiting period if there’s any. Companies generally ask their clients to wait for some period before beginning the insurance coverage. 
• Check whether the insurance covers the expenses of the medications required for IVF treatment. 
• Learn about limitations & inclusions for different IVF treatment procedures to know the fine details in insurance. 
• Check for any additional on-riders coverage for your IVF treatment that can add more financial coverage. 

Conclusion:

IVF treatment costs much to ignore the financial challenges. While couples look for the right IVF treatment for becoming parents, they are often stuck in financial situations. But specific health insurance can help you out greatly. You can also ask for suggestions from any IVF clinic in Varanasi whether they have some references for IVF insurance policies. Above we have discussed IVF treatment insurance and how they can help you.