| Before taking fertility drugs keep in mind what often | | | | work instead. You will get immediate tax savings on |
| happens soon afterwards: you get pregnant, have a | | | | these expenses. |
| baby, go on maternity leave, and take on expenses | | | | Get the Right Insurance Coverage |
| for raising, feeding, and clothing your child. It pays to | | | | Double check your health insurance plan to verify |
| research tax impacts of your decision, and get the | | | | what is and is not covered by your plan. Most plans |
| right insurance plans in place. Once you are already | | | | will not cover infertility treatments of any kind, and |
| pregnant, your window of opportunity will be closed. | | | | depending upon your state of residence you may |
| Pregnancy is a preexisting condition for most | | | | find large maternity related deductibles or co pays, |
| insurance plans. | | | | and in some cases you may need to purchase a |
| Tax Considerations | | | | maternity rider to insure your basic medical needs are |
| Many couples find that their insurance does not cover | | | | covered. |
| many fertility drugs and other forms of treatment. | | | | In addition, consider purchasing supplemental |
| The IRS tax code allows you to deduct these | | | | insurance which will help create maternity leave |
| expenses, or at least those un-reimbursed medical | | | | income, and provide added security during your |
| expenses that exceed 7.5% of your adjusted gross | | | | pregnancy in case of complications. But be sure your |
| income. If your planned infertility drug and treatment | | | | coverage begins before you begin taking any fertility |
| expenses are not expected to be that high, consider | | | | medications. Pregnancy is considered a pre-existing |
| using your health care flexible spending account at | | | | condition. |