Cost’s You Should Know Of When Having A Baby
The procedure of having children and raising them costs lots of money. Parents continue to spend money on their kids right from childbirth till the child clocks at least 18 years. Some students show that the cost of caring for a single child is about $14,000 a year. This infers that you would have spent $252,000 on your child in 18 years. Let’s attempt to analyze the cost of having a baby right from conception to childbirth.
Conception and Pregnancy-related costs
The cost of having a baby does not start with childbirth. In fact, you will start spending money even when your child is still in the womb and all through the nine months of pregnancy. Although many women can conceive naturally, which does not cost anything, going for the in-vitro option is not cheap at all. So, the cost of conception does vary for most parents.
The cost of prenatal care also varies depending on whether there is a complication with the pregnancy or not. Most of the pregnancy-related visits to the hospital usually get covered with good health insurance. However, the cost can be substantial for people who do not have health insurance cover.
Costs During Childbirth
You are right if you think that the childbirth procedure gulps up the bulk of prenatal expenses. The cost analysis below refers to the cost of childbirth that takes place in a conventional hospital. It does not apply to a specialized birth center or home birth with the service of a doula.
The estimated cost of giving birth is as follows. Do bear in mind that this is the total price before applying your health insurance cover.
- Natural birth through the vagina without complications -$11,000.
- Natural birth through the vagina with medical complications -$13,000.
- Childbirth through a cesarean operation without complications -$18,000.
- Childbirth through a cesarean operation with complications -$22,000
If you have a health insurance cover, chances are high that your health insurance provider ends up handling the bulk of the cost. The insurance company can pay between 20%-100% of the entire cost, it depends on the type of insurance plan you have.
The expenses above are the sum of various in-hospital expenses such as laboratory tests, radiology scans, epidurals, and additional medicaments that may be required. You should also bear in mind that both mothers and babies receive separate hospital bills. This billing system is standard, and you can do nothing about it.
Be mindful of all the potential bills to avoid getting caught unawares. You will have to pay some bill out of your own pocket, while many others are computed based on the assumption that you have an active health insurance plan. In such a scenario, you ought to be using the healthcare service of in-network providers. These are doctors covered by your specific healthcare plan.
How to Lower Costs of Childbirth
Although one cannot be absolutely sure that childbirth will take place without complications. It will be helpful if you give attention to your prenatal care. Prenatal care has the dual advantage of increasing the chances of giving birth to a healthy baby and enhancing delivery without complications. This means that childbirth will be less expensive and a shorter stay at the hospital.
One of the precautionary steps you can take to avoid surprise childbirth expenses is to crosscheck your insurance plan. Make sure it covers the cost of childbirth. Apart from that, you should eat a healthy diet, sleep well, and avoid smoking. Seek advice from your OB-GYN about steps you can take to avoid pregnancy and childbirth complications.