Reducing Birth Costs with Health Insurance and Tax-Advantaged Accounts

Pregnancy Podcast

Vanessa Merten

Newborn, Parent, Homebirth, Vbac, Kids & Family, Doula, Firsttimemom, Midwife, Pregnancy, Doctor, Parenting, Pregnant, Vanessamerten, Physician, Csection, Prenatalcare, Breastfeeding, Naturalbirth, Nursing, Birthcenter, Family, Baby, Hospitalbirth, Health, Obgyn, Research, Trimester, Expecting, Labor, Mom, Diet, Dad, Birth

4.5 • 948 Ratings

🗓️ 10 November 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the United States, the average cost of vaginal birth is nearly $10,000, and the average price for a cesarean section is close to $14,000. There are tools and strategies you can use to save money on your medical bills. Insurance can help cover the cost of prenatal care and birth. Tax-advantaged accounts like flexible spending or health savings accounts can save you money on the expenses you have to pay.

Whether you already have insurance or are shopping for a new plan, learn how your insurance works and how to minimize costs. Plus, get an overview of tax-advantaged accounts you can use to pay qualified medical expenses. If you are not in a financial position to obtain insurance or utilize tax-advantaged accounts, this episode also has tips for understanding the costs and how you can get assistance with coverage.

This is not intended to be used as tax advice. Please consult your CPA, accountant, or tax professional for questions and more information.

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Transcript

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0:00.0	You are listening to the pregnancy podcast with Vanessa Merton.
0:10.7	Hello, thank you for tuning into the pregnancy podcast.
0:15.6	In today's episode, we're talking about reducing the cost of birth with health insurance and taxed advantaged accounts.
0:23.6	In the United States, the average cost of a vaginal birth is nearly $10,000, and the average price for a cesarean section is close to $14,000.
0:34.6	Thankfully, there are tools and strategies that you can use to save money on your medical bills.
0:40.4	Insurance can help cover the cost of prenatal care and birth, and tax-advantaged accounts, like a
0:47.0	flexible spending account or a health savings account, can save you money on the expenses that you
0:52.5	have to pay. But figuring all of this stuff out can be
0:56.4	a little bit confusing. Whether you already have insurance or you're shopping for a new plan,
1:02.7	learn how your insurance works and how to minimize costs. Plus get an overview of tax advantaged
1:09.3	accounts that you can use to pay qualified medical expenses.
1:13.7	If you're not in a financial position to obtain insurance or to utilize tax advantaged accounts,
1:20.2	we're going to talk about some tips for understanding costs and how you can get assistance with coverage.
1:27.1	This episode is not intended to be used as
1:30.2	tax advice. Please consult your CPA, accountant, or tax professional for questions or more information.
1:37.5	You can find the complete article and all of the resources for this episode at Pregnancy Podcast.com slash health insurance.
1:48.8	You are currently listening to the public feed of the podcast, so you have access to the last year of episodes.
1:56.1	Become a pregnancy podcast premium member and get access to the entire back catalog. That includes
2:03.8	hundreds of episodes with evidence-based information for everything you're going through in
2:09.5	your pregnancy or planning for your birth. Join pregnancy podcast premium at pregnancypodcast.com slash premium. You get access to the entire back catalog
2:21.8	and all of the older and new episodes on the premium feed are ad-free. Join premium at
2:29.5	pregnancy podcast.com slash premium. Thank you to V-Tech for their support of this episode. The V-Tec
	...

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