Maternity and Time Insurance

Time (AKA Assurant) offers more flexibility in maternity options than most.

It is also one of the more expensive plans on the market.

Most plans from Time have benefit caps and restrictions that make it less desirable compared to more comprehensive plans available from other carriers. While the maternity benefit is available on most plans, the only base plan I suggest is the HSA qualified One Deductible plan.

The Time maternity benefit is similar to all other plans (except Golden Rule/United HealthOne) in that you have a separate maternity deductible. You pay first, when the deductible is satisfied, the plan pays.

Time does have a waiting period, but only 90 days. This compares favorably to most of their competitors that require a 12 month waiting period before benefits can be accessed.

Maternity deductible choices are $1,000 – $2,500 – $5,000 and $10,000.

As is always the case, the lower the deductible the higher the cost of the benefit.

In spite of my misgivings about Time products and pricing, I do like their approach to maternity. The $10,000 deductible is usually only a few dollars per month and gives the insured full access to network pricing when using par providers.

This can produce significant savings over “retail” pricing. It allows you access to pre-negotiated pricing and avoiding the hassle of haggling over how much you will pay.

You may run quotes for various plans by visiting My Time Insurance, or contact us for details and underwriting advice.

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