Posts Tagged ‘family’

How infertility insurance helps families

Whether you are a new parent, a soon-to-be empty nester or a grandparent, the desire to see your children flourish and grow will always be a part of your life. Trying to prepare your children for their future is a lifelong challenge. There is a balance of letting go. For instance, when they try to ride a bike without training wheels for the first time and pulling children back when they forget to watch for cars in a parking lot. No matter the age of your child or season of life, your role as a parent or grandparent brings its own challenges. 

Your family’s legacy

Between teaching children valuable lessons and planning for their future, it is easy to get caught up with the hopes and dreams of their future families. Many of us wonder who our child’s future partner may be. We also wonder if we may become grandparents or great-grandparents one day.

Many of us would like to leave our family a legacy to help them long into the future. By making plans now, we can help prevent financial hardships caused by unexpected medical diagnoses like infertility.  

Why choose infertility insurance?

No one knows if their child/grandchild or their future partner will be affected by infertility. Even now, there is still much that isn’t known about infertility and the causes of infertility.

What we do know is that infertility impacts 1 in 8 couples. The cost of infertility treatments is expensive. Cofertility, a blog that aims to inform and connect families dealing with infertility in a compassionate way, shares that pricing can vary from $800 for intrauterine insemination (IUI) to $8,000+ for IVF for just the basics. FertilityIQ documents how much IVF costs by city and region.   

The fact is: High costs of treatment keep families from pursuing their own children. Cofertility published a survey that found that 86% of those undergoing infertility treatment said “they have forgone a fertility treatment option recommended by their doctor…due to cost.”  

What about health insurance from your employer?

While we can’t predict who a future employer will be or even what type of healthcare insurance coverage our children will have access to, we can provide our children protection from the costs of infertility now.  

Not only that, fertility treatments are generally not included in traditional healthcare coverage. Currently only about 26% of the top 500 employers provide any type of infertility coverage. This is mainly due to the high cost of infertility treatment. 

A supplemental health policy/coverage, however, can fill the gaps and complement the health insurance your child may have in the future. It can pick up where other health coverage stops. It can give them the financial resources they need to treat infertility and pursue having their own biological children when they are ready.  

Can a supplemental health policy cover infertility?

Yes. LifeSpring Insurance Services has a Primary Infertility Assistance Policy that provides an affordable insurance solution for infertility treatments in the future. Unlike a traditional health plan, LifeSpring’s innovative policy is geared towards children and their future. By providing coverage early in life, we can offer a one-time premium around $2,000 or less for a policy that provides $50,000 worth of benefits for your child and his or her partner. The policy is designed to cover infertility treatments, providing access to all of the common treatments from IVF, IUI, medicine and storage. This way couples can pursue their own child without the crippling costs that so often compromise their hope. 

How can an insurance policy preserve my family’s legacy?

LifeSpring’s Primary Infertility Policy allows any adult to cover the premium costs for one or more children that they can use in the future. This means a parent, grandparent, aunt, uncle or family friend can gift a LifeSpring policy to any Texas child. 

LifeSpring’s innovative supplemental health insurance policy, approved by the Texas Department of Insurance, was designed in the hopes of creating a future where children wouldn’t have to decide between a mortgage payment or fertility treatments. With a LifeSpring Insurance policy, you can give a gift that continues to give over time, one that will ensure that your family will have a lasting legacy. 

Your desire to protect your children is part of what makes you a great mom, dad, grandma and grandpa. Family is one of the most precious parts of life. Consider the lasting impact you can have to preserve your family’s legacy by giving a LifeSpring policy today.  Contact us if you have any questions