Infinity insurance for women gets a boost
Insurers are offering women insurance that includes the ability to get a birth control pill without a co-pay, even if they do not want to use one.
The women insurance program is being introduced to address a nationwide shortage of contraception options.
The new insurance covers women who do not have access to a birth-control pill, a coitus interruptor or a sterilization device and are not already covered by an existing policy.
The program, which is a collaboration between the health care giant AIG and an insurance company, is called a “mini-health insurance plan” or “mini plan.”
The insurance offers the same coverage as a full-size policy, according to AIG spokesman Andrew W. Thaler.
Women can use the coverage for up to 12 months without paying a monthly premium.
The coverage is available in the individual market, the state-based marketplace and small-group plans that are run by insurers.
Women who do have access can buy their own policies.
The insurance will cost $200 a month, or about $4,000 a year.
That will include co-pays of about $10 per month for the first year, and $20 a month thereafter.
The policy covers contraceptive services, as well as medication for women who are at high risk for sexually transmitted diseases.
Women could also choose to buy a cohabitation or divorce insurance policy.
Women must be at least 18 years old and live in the state where the policy is issued.
Women with pre-existing conditions can also get the coverage if they have not previously been covered under a traditional policy.
They would still need to pay out-of-pocket costs and may need to wait up to six months before receiving a prescription.
The first year of coverage will be offered to women ages 18 to 24, and the second year to women 25 to 34.
For women with preterm births, the policy would cover contraception services for the next 12 months, including contraception for women with a low-risk pregnancy or delivery.
The next two years of coverage would cover the birth control and birth control device for the same 12-month period.
Women in that age group who did not want or need contraception but had a low risk pregnancy can still receive coverage through the policy.
AIG is the largest insurance company in the United States and the largest health insurer in the world.
It is one of the biggest employers in the U.S. with about 14,000 employees, according the company.
It was the third-largest insurance company last year.