Health Insurance 101 for New Parents

June 6, 2017

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Lauren
Lead Copywriter

Nobody said being a parent was easy, especially when it comes to confusing things like health insurance.

Does my child need their own health insurance plan?
Is my childbirth covered by my insurance?
Should I buy a life insurance policy? 

The short answer to all of these questions is yes.

We explain more below.

Health insurance

Courtesy of the Affordable Care Act, pregnancy and childbirth are covered by health insurance plans. That means you can have your baby and not worry about getting socked with high insurance bills. When your baby is born, they are automatically added to your health insurance plan for the first 30 days of life*. Once your baby is born, you have two options to insure your child: add your baby to your current health insurance plan or change plans. When you have give birth to a baby or adopt a baby, it qualifies as a qualifying event, which means you can purchase health insurance if you don’t already have it or change your plan. You have 60 days from the date of the qualifying event to do so. It may be possible to purchase a child-only insurance plan where the child is the only one insured. If interested, we can help you apply for this type of plan.

*If the parents have separate health insurance plans, the child’s expenses in that first 30 days will run through the first parent’s insurance to pick up a certain portion of the cost and then what’s remaining gets run through the second parent’s insurance to pick up a portion of the remaining. The order of which parent’s insurance gets run first is based on the birth order of the parents.

Dental insurance

The American Academy of Pediatric Dentistry recommends that you take your child to the dentist after their first tooth appears. Though pediatric dental care is covered by many health insurance plans, you have to reach your deductible to have the care covered by insurance. Dental insurance is a low cost way to help you pay for any cleanings, cavities and other major dental work. Read why dental insurance is a good idea.

Life insurance

Now that you have a little bundle of joy, it’s important to protect your family. The best way to do this is by purchasing an inexpensive life insurance policy. For a 20-year term life insurance policy that pays out $100,000 should something happen to you, it costs only $24.25 a month. Life insurance can help cover loss of income, funeral expenses, debt and more when you pass away. Read our 5 reasons why you should have life insurance.

If you need any help navigating the world of insurance for your child, give us a call at 888-871-3864 or visit us at HeyKind.com. We’re happy to help and make being a new parent less stressful.