When thinking about having a baby, it’s wise to factor in the financial costs. Not only do you need essentials for when your baby arrives, but for most of us, the household income will change.

There’s a lot to think about once you’re pregnant, so taking finances off your to-do list can give you back time to concentrate on your growing family.

The different fees connected with your pregnancy and baby’s birth can include:

  • obstetrician fees – these have a Medicare subsidy but charges vary between doctors. Ask your doctor’s practice team for a cost breakdown
  • hospital fees – these may be covered by your private health fund
  • screening tools like blood tests and ultrasounds
  • Maternity and paternity leave

    Find out whether your employer has paid parenting leave and add this to any government entitlements to calculate your expected income when your baby arrives. It’s also worth investigating whether you can dip into annual and long-service leave. If you are self-employed, it’s a good time to consider how much time you can practically take off work. Is working from home an option?

  • Baby budget

    Even the best planned budgets need some wriggle room. There can be unexpected costs when it comes to having a baby. These might include medical care and tests or even birthing classes if they’re not covered by your health insurer. Depending on how far ahead you want to look, you might like to do a rough guess on additional costs of nappies and childcare. Thinking longer term about how many children you’d like to have can also help with financial planning.

  • Private versus public

    Even though you might not be pregnant yet, it’s worth considering what sort of hospital support you’d like on your journey to parenthood.

    Make a list of the things that are important to you and find your best fit.

    If you choose to have your baby at Epworth you can expect:

    • Guaranteed private rooms
    • Premium care and experience
    • Four-night minimum stay
    • Lactation consultants
    • Exceptional menu and dedicated onsite chefs
    • Accommodation for your partner or support person
  • Private health cover vs Self-insured

    If you are considering having an Epworth baby, it’s worth looking into private health cover that includes obstetric care. If you don’t have private health insurance, we also offer the option of self-insuring your hospital stay. Our maternity team will be able to explain what’s involved in either of these options and even arrange a hospital tour.

    You can find out more about Epworth Maternity fees here.

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