Mortgaging My Kid, Part Two

So far, we’re up to a total cost of $19,505.65, and a cost to us of $1,550.

This second part is immensely frustrating to read on the EOBs, because not only was Little Bear in the NICU, but I was also readmitted to the hospital the Tuesday after he was born.

In this post, I shared that we’d gotten the first EOB from the NICU. That isn’t necessarily true. We’d gotten one from my OB’s office for the c-section, and it included few charges for “Neonatal Critical Care” totaling $6,887. Adding that to the $19,505.65 and the $132,349.15, we have a total of  $158,741.80.

That’s a big number.

In the spirit of disclosure, we recently secured a $167,000 mortgage on our house.

Not included in any of these numbers thus far is how much my second stint in the hospital cost. That one, and many of the tests Little Bear received in the NICU, was roughly $42,233.46, bringing our grand total to $200,975.26.

For my second stay in the hospital, which was also three days, we owe $1,500, bringing our total out of pocket cost to $3,050.

I plan to break down Little Bear’s NICU costs in another post in order to show you how much everything cost individually, and how donating to my March of Dimes walk [by clicking on that handy dandy widget on the right – it’s purple; you can’t miss it!] will help ensure enough research is done to help all babies be born healthy one day.

But look at those numbers.

Our house is mortgaged for $167,000. Little Bear’s birth and subsequent NICU stay [including a second stay for me because I wasn’t able to catch my breath after his birth] cost $33,975.26 more than my house. And we’re only responsible for $3,050 of that so far.

I also feel like I should tell you that, obviously, the insurance company has deals with the hospital and only pays certain amounts for things. The total cost to our insurance company was not over $200,000, it was $150,500.88.

Those are some big, big numbers. They’re scary. Can you imagine what a person pays when their children are in the NICU for longer than 20 days? This incredible woman has triplets who were born at 28 weeks, 1 day and are in the NICU.

I called this mortgaging my kid, because Little Bear’s medical costs added up to more than our present mortgage. I’m in real estate. If we mortgaged the $200,975.26 that Little Bear “cost,” for 30 years at 4.75%, our payments would be about $1209 a month and we’d end up paying over $435,000. Holy. Crap.

Can you imagine what this would be like without insurance?

3 Replies to “Mortgaging My Kid, Part Two”

  1. My daughter is a former 23 week, 6 day preemie. She was in the hospital for 355 days before she came home. Between the NICU and the PCU, the cost is $1,750,000 and some change. Total cost insurance company paid was close to $900,000. We paid $1000 out of pocket. Thank god for insurance!!

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