Health Insurance Options?


Let’s talk about health insurance options. Mainly, let’s talk about my health insurance options.  I’m a planner (obviously), and I’m kind of stuck as far as options go.  You see, when we finally have a baby, I want to be a stay at home mom.  It’s one of my hopes and dreams, and I really want it to come true.  There’s one little problem, though.  Mr. Money’s current employer only offers private health insurance and not only would it be really expensive, but I’m afraid I’d be denied coverage due to the cancer scare I had a few years ago (thankfully I didn’t have cancer, but I’m afraid they’ll see oncologist and freak out).

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Creative Commons License photo credit: brdwatchr1

Uninsured and Pregnant?

My plan is to work until I have the baby so all my maternity care is covered by my current insurance through the bank, and then before I go on maternity leave I will tell my employer that I will not be returning after the baby is born.  That sounds like a good plan to me.

After the baby is born and I’m staying at home, we need health insurance.  It’s something I don’t really want to live without.  These are the options I’ve come up with:

1. Be uninsured.  Not a good idea, but I could save up more money and have that as “health insurance”.  Honestly, I don’t think I could sleep at night, but it’s still an option.

2. Participate in a program like Medi Share.  Of course, I’d have to make sure I met those requirements, but I think I could swing that.

3. Purchase a policy through Mr. Money’s employer and hope we get covered.  It would be really expensive, but at least we’d have coverage.

4. Use COBRA.  I think this would be too expensive too, but it would be good coverage.

5. Mr. Money gets a new job that offers health insurance benefits. (He’s a chef)

6. Become really rich in some way and not have to worry about the cost of health insurance (ha!)

I know that there will be a lot of people that will tell me to just keep working, but I’m trying to come up with some creative options. 🙂

What would you do about health insurance if you were in my shoes?

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11 thoughts on “Health Insurance Options?

  1. HealthCompare says:

    Good job thinking this through!
    Another option for you to consider would be to take out a separate insurance policy on your newborn. A health plan you you, a new mother could be expensive as you suggest, however there are some good, affordable plans, with decent coverage on the market for newborns.

    Do your homework too on an individual plan for you. Play around on a health plan exchange website so you know your options and start to get to grips with the terminology used. You will be better equipped to make an informed decision.

    Good luck in your search and enjoy being a mum.


  2. H Lee D says:

    If your maternity leave starts before the child is born, your insurance won’t cover the birth…

    There are lots of options for people looking to get coverage. I haven’t looked into them too much, because as a cancer survivor, they’re just too expensive. If I can find the places where I saw them, I’ll pass them along.

    I agree with HealthCompare also — see about separate plans. Is it feasible to put the baby on your husband’s plan and then just get your own?

    It might not be cost effective to go out on your own as opposed to joining onto Mr. Money’s plan.

    I would not go uninsured, regardless of having some savings.


    Mrs Money Reply:

    H Lee D- I’ve got a lot of thinking to do. I think it SUCKS that health insurance is too expensive. My husband is on my plan right now. We’re thinking about trying to get everyone on a policy that would go through his employer after we have a baby and I stop working. I don’t mind paying for health insurance, but at $890. a month, I just can’t afford that! 🙁


    H Lee D Reply:

    Here is a post I saw recently that covered some options:

    I have not looked into any of the options presented, so I make no claims on whether they are viable.

    I am sure there was at least one more. If I find it, I’ll send it 🙂


    Mrs Money Reply:

    You are so good to me. 🙂 I appreciate it!

  3. Bucksome Boomer says:

    We need affordable alternatives in our country. I’m hoping we’ll see some positive options in a year or so further into the life of health care reform.

    You shouldn’t have to give up your dream of being a SAHM just because of health insurance.


    Mrs Money Reply:

    Bucksome- I agree. I am hoping that some good changes come out of it.

    It really makes me SO sad because that’s the only thing that’s holding us back right now. We can make it work otherwise. I just can’t afford over $800 a month for health insurance 🙁


  4. Anthony Lively says:

    This is certainly a difficult situation. Our company does our best to help in these situations. Give us a call and we will do our best to point your in the right direction. I can’t promise a miracle but I do promise we will help you find all your options.

    978-534-5616. My name is Anthony.


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