Insurance is all about transferring risk to another party. Our recent experience tells us again that it is simply better to self insure... In our previous posts - 1 Month as a Parent and Mount Alvernia Delivery & Phototherapy Charges, we mentioned that our baby had severe jaundice (290+ level) and had to be admitted for phototherapy 6 days after she was born. Long story short, we tried to claim the phototherapy treatment from the ReadyMummy policy but was rejected. To be honest, the amount that can be claimed was supposedly just $100 which is a relatively small amount considering the phototherapy treatment cost $967.92 while the ReadyMummy premium cost $798.00. What really pisses me off was the lack of transparency in the way Manulife promotes/markets ReadyMummy and the lack of product knowledge from this agent. I checked with him on the day our baby got admitted for phototherapy. Sounds like an easy/straightforward claim right? I opted for express checkout (sounds like a hotel right. lol) so it took some time before I received the hospital bills....