When couples prepare for a baby, they often focus on the visible costs—cribs, strollers, diapers, and baby clothes. But according to Janice Sabitsana, a Registered Financial Planner (RFP), the biggest financial challenges are the ones parents rarely talk about.
In an interview with Financial Adviser PH, she explained:
“The hidden costs of pregnancy and childbirth usually don’t come from the baby items you see on social media. They come from emergencies, gaps in insurance coverage, and hospital bills you didn’t plan for.”
Here’s what Filipino families tend to overlook—and how to prepare for them.
Build a Real Emergency Fund
Baby preparations often stop at the nursery, but Sabitsana says the first thing parents should prioritize is an emergency fund.
“When you’re expecting a baby, the last thing you want is an unexpected financial surprise,” she said. “Medical complications, extended hospital stays, or sudden income loss can happen anytime.”
She advises setting aside three to six months’ worth of household expenses. This money should be separate from the baby fund and easily accessible. “The emergency fund isn’t optional—it’s a shield that protects your family’s stability,” she emphasized.
Know What Your Insurance Really Covers
Many Filipinos assume their HMO or health card will take care of pregnancy costs, but that’s not always the case.
“Most HMOs cover prenatal checkups and lab tests but not the actual delivery,” Sabitsana explained. “It’s important to ask your provider what’s included and what’s excluded before you give birth.”
She added that for those considering getting pregnant, it might make sense to upgrade health coverage early. “Compare the premiums with the expected out-of-pocket costs. Sometimes, it’s cheaper to pay cash than to pay for a plan that doesn’t fully cover maternity,” she said.
Consider More Affordable Care Options
For families with low-risk pregnancies, there are alternatives to expensive hospital births.
“Choosing a midwife at a birthing center or lying-in clinic can save a significant amount compared to a private hospital,” Sabitsana noted. “It’s not for everyone, especially high-risk cases, but it’s worth exploring if safety and cost are both considered.”
She pointed out that many provinces in the Philippines already have accessible and affordable birthing facilities that meet government standards.
Don’t Leave Government Benefits on the Table
One of the most overlooked financial supports for new parents is government-provided benefits.
“PhilHealth covers both hospital and midwife-assisted deliveries. SSS maternity benefits can go up to ₱70,000 if contributions are updated. That’s real money that can offset major expenses,” Sabitsana said.
She also mentioned the Malasakit Centers in government hospitals, where indigent patients can access financial assistance from PhilHealth, PCSO, and the Department of Social Welfare and Development in one stop.
“Too many families don’t claim benefits they’re entitled to simply because they don’t know what’s available,” she added.
The Costs You Don’t See Coming
For Sabitsana, the lesson is clear: the most dangerous expenses are the ones you don’t plan for.
“Parents love to prepare for the visible milestones—the first smile, the first toy, the first family photo. But financial milestones matter too. If you don’t plan for emergencies and hidden costs, those happy moments can quickly be overshadowed by stress,” she told Financial Adviser PH.
Final Takeaway
Filipino parents can’t afford to overlook the financial side of pregnancy. An emergency fund, clarity on insurance, exploring safe but cheaper care options, and claiming government benefits can ease the burden dramatically.
As Sabitsana put it:
“Every family deserves to enjoy the joy of bringing a baby into the world without drowning in bills. Preparation is what makes that possible.”
