Make a Budget for New Expenses for Your Baby and Start Saving
Saving even small amounts helps, so start saving as early as possible. You can do that by creating a list of all possible monthly aspects that must be attended to.
If your monthly budget is going above the threshold of your financial strength, cut down your expenses now. You can ask your friends or family as to what could
be the probable expenses. Opening a savings account to cover pregnancy-related expenses is also a good idea.
Check Whether You’re Health Insurance Covers Pregnancy
If it does, then check whether it meets your needs and requirements.
Check if the insurance covers blood tests, medications, hospital stay before, during and after delivery.
Check if your health insurance company covers cost in the event of your or your newborn’s post-pregnancy complications.
Check if it covers vaccinations for your child in the first year.
If you are planning to undergo infertility treatment, check if your insurance company covers it or not.
Switch to a Different Policy
It is a good option to switch to a different policy if you feel the current policy is not meeting your needs and requirements. Moreover, check if your company insurance covers maternity insurance and other types of paid leaves after your baby is born.
Check with the HR department of your organisation
Find out more about your company policies on maternity leave, benefits that your company offers for new parents.