Arranging baby health insurance might not be something at the forefront of your mind when you are expecting a child. Bringing a new baby into the world is a wonderful experience and a life changing event. Things certainly will never be the same again. Your finances for one thing will never be the same again. Babies right through all their lives to adulthood and even then, will cost you a lot of money.
You will probably, sensibly, have made provision for medical health insurance for yourself and your family. However, there could be many points you may have overlooked or not got around to considering regarding medical cover for a new addition to the family.
A very stark reality is that because babies will not have a fully developed immune system until they reach the age of about seven they are very vulnerable. Many illnesses are run of the mill ones that practically every child encounters and overcomes without problem. There are some nasty diseases, inherited health problems and of course accidents that cannot be predicted. It is therefore wise to be prepared financially with proper baby health insurance in case the unexpected strikes.
Some important points to consider:
Do you have existing private medical cover or from an employer and can you add your newborn to the plan. How many family members are covered or is it open to cover additional children. If you pay for a plan, can you add another child and will the monthly premiums change. Some plans require a baby to be added within 30 days of birth to be eligible.
Exactly what does your existing baby health insurance plan cover regarding prenatal and postnatal care. A baby is going to require a lot of doctor and hospital appointments for check-ups, immunization etc. and that is without illness or accidents. If your cover falls short of requirements do you need to increase cover or just go for a newer, better plan.
If you need to find a new baby health insurance cover plan there are few aspects that are very important to understand.
Although there is no shortage of agents, brokers and companies vying for your business you should check their accreditation and satisfy yourself that they trustworthy before you enter into business with them. There are many legal and state requirements companies must satisfy to run a business. Check these are in place and the broker, agent or company can trade in your state.
When searching for new baby health insurance cover there are many ways to find it. The simplest ways are word of mouth from other new parents or recommendations. The phone book will offer a wealth of local businesses who would be eager to offer help. Of course the internet is a huge resource for searching for this kind of information.
The bottom line when it comes to baby health insurance cover is to start making enquires about it BEFORE the baby is born and get it in place. There may be instances when you need to make use of it quickly and you need to be prepared. Don't fall into the trap that many people do by saying you mean to get around to it. Just get it sorted and you can then concentrate on other things with the peace of mind that backup is available should you need it.