Cost of making a kid?

I know this is a very subjective question, with insurance being the biggest factor.  

However, I have no idea where to start on this.  We have our first kid due in August.  I am trying to plan to the best of my ability for the cost of having the kid (pre/postnatal, delivery, etc).  I don’t even have a ballpark answer.  Does anyone have any insight on this?  

 

Thanks!

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  • Are you including the cost of baby supplies like clothes and diapers? For how long? Or just medical costs?

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    • Ben Khaki Storm
    • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
    • Khaki_Storm.1
    • 4 mths ago
    • Reported - view

    Ballpark, medical cost only without ins., I'd guess 30k delivery and 200 for each visit, producers like ultrasounds extra. Your state might require the hospital to have a published price list of every service that you can ask for from the hospital. If you don't have ins. talk to the hospital now, they can sign you up for assistance, give you a break on the costs, etc. Our first child was covered by state assistance. 

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  • Thank you!

    and correct, medical only. 

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      • gosolino
      • gosolino
      • 4 mths ago
      • Reported - view

      flyou10 It's free if you have a Free Birth ;) Depends if you have a hospital or home birth w/ midwife. Look at your deductible and out of pocket max. Also, vaginal birth vs cesarean are different costs. You could try to call wherever you're planning to birth and ask for costs, though they are shady and won't likely give them to you. Welcome to the medical field!! 

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      • Ben Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 4 mths ago
      • Reported - view

      gosolino our state passed a law the hospitals have to give you a price list, it is still hard to get one. 

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    • Ben Khaki Storm
    • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
    • Khaki_Storm.1
    • 4 mths ago
    • Reported - view

    Also, some dr.s are very willing to help out. Our pediatrician only charged us 50 for a visit when we didn't have insurance vs the 160 he normally charged ins. There are many places to offer assistance, you just have to find them. 

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  • This is not meant to brag, only to highlight the horrifying inequities in our insurance system: my wife is a teacher for a large public school system and has access to excellent insurance. All prenatal visits plus delivery (including emergency C-section) came to an out-of-pocket total of $100.

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      • Louie
      • YNAB Newbie
      • Louie
      • 4 mths ago
      • Reported - view

      mamster It's not an inequity. Those benefits you get are part of your wife's compensation. She earned those benefits. Not everyone is entitled to the same compensation, she earned it.

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    • Ben Khaki Storm
    • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
    • Khaki_Storm.1
    • 4 mths ago
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    Our later costs with ins. adding up copays, etc. hovered around 2,000. 

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  • We had a totally uneventful pregnancy. My kid ended up in the NICU for 2 days after some distress during labor. It was a relatively minor issue as baby issues go, and he's fine. I'm pretty sure that ended up being ~10k out of pocket with pretty good insurance. Kid #2 got born fine but ended up back in the hospital soon after. I'm pretty sure we met our out of pocket limit for the year on that one ~15k with high deductible insurance. My FIL ended up covering the hospital stay for #2. I'm deeply grateful. 

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  • I had an elective csection in Aug and i only stayed 2 days because I was ready to get out of there. We have pretty great insurance and I did prepay my doctor bill before going in, $300, this is all from the hospital, and this is just my bill. my son's was about 300 after insurance and payments. I live in Texas and our insurance is through UMR (part of United Healthcare)

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  • Congrats on the new child. What ever the cost of the delivery is it will be dwarfed by the cost of food, diapers, strollers, etc., etc. Just be forewarned.

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    • Liz S.
    • YNAB & napping enthusiast, wifey
    • ak_Lizzle
    • 4 mths ago
    • Reported - view

    Our first (and only lol)  is due next month and I was in the same boat.  Cant speak for medical expenses, but I did our baby registry and it ended up being almost $3k worth of initial baby products.   Car seat, stroller, crib, crib mattress, changing table, changing supplies, feeding supplies, basic clothing, etc...definitely all adds up.  

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      • Ben Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 4 mths ago
      • Reported - view

      Khaki Router very sad used stores can't or wouldn't sell used cribs, etc. That's how we made it through. 

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  • We just had a baby last month so I will give you advice based on my experience. We live in Portland, OR, so prices may differ based on where you are.

    Do you know where you are planning to have the birth? Assuming it's at a hospital, they should have a price estimate service in their billing department. Call or email them and they will give you some numbers to work with. They likely won't give you a single number--instead it will be something like a range based on different scenarios such as whether you get an epidural, whether you deliver vaginally or with a cesarean, how many days you spend recovering, etc.  (Estimates from our hospital ended up at around $19,000.)

    Once you have those figures in hand, call the customer service line for your insurance. They will be able to walk you through your deductible and out-of-pocket maximum to arrive at the actual amount you would pay in the hospital's scenarios. (We just got a bill for about $1,900 because insurance covered most of it.)

    If you are planning to have a midwife and/or doula, those are usually not provided by the hospital and are separate contractors, so you will need to count those separately. (Doulas cost about $1000 where we are, but we found a student program for $700.) Also consider whether you want to be taking classes for childbirth preparation, infant care, breastfeeding. (We paid about $200 total for all the classes.)

    Congratulations and good luck!

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