Often the birth of your baby is the first major experience you’ll have with a hospital. You probably have a lot of questions about the costs for which you’ll be responsible.
A few weeks prior to the time you expect to deliver, we recommend you contact your health insurance provider to review your benefits. It may be helpful to ask the following questions to help understand what is covered by your insurance:
- What is my deductible?
- What percentage does the insurance company pay after my deductible is met?
- What is the maximum amount for which I’m responsible?
Here are some common insurance terms:
Deductible – the amount paid each year by you, as a health insurance plan enrollee, before benefits begin.
Co-insurance – the patient portion of coinsurance is the percentage you pay after your deductible is met until you reach your out of pocket maximum.
Co-payment – also known as co-pay is a payment defined in your insurance policy and paid by you each time a medical service is accessed.
Out of pocket maximum – the most you will have to pay “out of pocket” each fiscal year.
Sometime after receiving your pre-admission form and before you deliver, our insurance team may verify your insurance and call to discuss the hospital portion of your financial obligation. Remember your doctor, anesthesia and other providers will bill separately.
If you do not have insurance, Mercy Resource Coordinators are available to assist you. In many cases, programs are available to help pay the medical costs that go along with having a baby. A Mercy Resource Coordinator will visit with you within 48 hours of giving birth to discuss programs available to you.