It’s the most wonderful time of the year! Where did the time go? It’s hard to believe that 2018 has almost passed us by and the holiday season is here. For many of us, this means busy schedules, family events, shopping and lots of cheer. It is also a very important time in the surrogacy world.
November and December signify Open Enrollment for health care insurance for 2019. You can enroll in or change 2019 Marketplace health insurance right now. The Affordable Care Act (ACA), also known as Obamacare, Marketplace is the primary option for those who do not have health insurance to purchase coverage. Unless you have a qualifying event during the year, November and December are the only months that you can secure health care coverage for the following year.
If a woman is considering becoming a gestational carrier/surrogate in 2019, she will need to continue with her own private health insurance or enroll in an ACA health insurance plan during Open Enrollment.
If you are uninsured, you will need to enroll during the 2018 health insurance enrollment period which, for most states, runs from November 1, 2018 through December 15, 2018 (for a January 1, 2019 effective date). If you do not enroll during this time, then you may be out of luck for subsidized plans for 2019.
Why is Open Enrollment important?
Surrogacy costs for intended parents quickly add up when you consider medical expenses, legal expenses, and surrogate compensation. And while the results of surrogacy are priceless, it is important to control costs when we can. Intended Parents can spend over $100k for each journey. For many intended parents, it is important that the gestational carrier they choose has her own medical insurance to cover the cost of the pregnancy. This allows for more cost control and reduces unknown expenses during the journey.
What can you do?
If you are a potential surrogate – you may be eligible for a policy purchased on your behalf by the agency or intended parents. This means you must apply and be approved to a surrogate program before December 15th.
If you are Intended Parents – finding the perfect surrogate should never be rushed. However, if you have a potential match, it may be wise to make your matching decisions before Open Enrollment ends. You should also discuss with your agency the option of purchasing a plan for a potential surrogate that you can drop if the match falls through.
What are the other insurance options?
Family Choice Surrogacy has recently partnered with a new insurance carrier that offers specific surrogate pregnancy coverage. These plans can be purchased at any time throughout the year. They are more costly than most ACA plans but still less costly than pregnancy plans we have seen in the past. We are excited to share this partnership information with our clients and surrogates. Expect more information soon!
Contact Family Choice Surrogacy today to get more information on the health insurance options for your surrogacy journey.