I just became eligible to be added to my company insurance plan. However me and my husband just found out I m pregnant and have not decided if I will return to work after the delivery. My husbands company does not have an insurance plan so we are currently in a marketplace plan. I would like to join my company s
I just became eligible to be added to my company insurance plan. However me and my husband just found out I m pregnant and have not decided if I will return to work after the delivery. My husbands company does not have an insurance plan so we are currently in a marketplace plan. I would like to join my company s plan since they pay a portion of the premiere and the plan is really good, but I m worried if I don t return to work the delivery won t be covered. What are my options? If I know I m leaving can I switch to a different insurance before or am I stuck in a contract? My company is not large enough to qualify for cobra.
Ignore the answer about pre-existing conditions. Obamacare laws fixed that. Insurance must cover everything from the day that insurance starts.
Now, with that being said, I would take your company insurance plan. DO NOT tell them that you don't intend to return to work after pregnancy. Use the insurance plan to pay for the birth of the baby. After your maternity leave, return to work for a day or two and then resign.
If you do decide to leave the company, you are NOT stuck in their insurance plan. Termination of your employment would instantly terminate your insurance also. (especially if there is no cobra plan on the insurance.)
However, if you leave your employer before the birth of the baby and have to find a new insurance plan right before the birth of the baby, you may be stuck with more out of pocket expenses. After all, you would have already been paying for part of your prenatal care under your company insurance plan. This would be going toward that policies total out of pocket deductibles. If you start a new insurance plan, you would have to cover more out of pocket expenses to meet their deductibles.
The best way to save money in this situation is to stick with one insurance company so that any money you do pay out of pocket is going to the deductible. So, either stay in the market place plan you have now or switch to your company plan, but once you pick, don't switch again until after the birth of the baby.
Once you get pregnant your pregnancy can't be covered by a new insurance plan as your pregnancy will be considered a preexisting condition. And new insurance plans only cover things that happen after the plan goes into effect. Whether or not you go back to work doesn't matter here because your company plan won't cover your pregnancy at all.
if your insurance is in effect and you are still employed by the employer when you deliver the costs will be covered in the amounts the plan covers
you don't know what your intentions will be once you have the baby, it might be necessary for you to keep on working, it is entirely possible your husband could lose his job, or any number of different scenarios
enroll in the plan and let the chips fall where they may
It has nothing to do with whether you return to work or not. It just matters whether your insurance is effective on the day of the delivery.
If you are covered under the insurance when you deliver the baby then they would pay for it.