Baby Health Insurance
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With your new addition comes more than a few adjustments. One of these is your health insurance plans and costs. Find out more about this in this video.
Transcript: With the arrival of a new baby comes the arrival of new medical bills! Your infant can cost you a pretty...
With the arrival of a new baby comes the arrival of new medical bills! Your infant can cost you a pretty penny starting right from birth. In fact, the average cost of a vaginal delivery in the United States is six to eight thousand dollars. While the average cesarean section delivery is more like 10 to 12 thousand. Throw in AT LEAST six first-year checkups four rounds of infant vaccinations and common ailments, like ear infections and colds and it's little wonder that you need a good health insurance plan for your infant! For many parents, the most logical insurance option is to add a new infant to their existing plan. State law usually mandates that your insurance company accept the new addition, as long as you report your baby's birth within 30 days. This option becomes more complicated, however, if you lose your job during your pregnancy. In situations like this, a federal law called COBRA will allow you to keep the same health insurance provided by your old employer. But you should expect to pay for your full premium, plus two percent. Although it's an expensive option, COBRA ensures your baby gets the care you've come to count on for up to 36 months after your last day. If you didn't have medical insurance to begin with your state's Children's Health Insurance Protection Program, or CHIP, may be able to offer affordable insurance to your baby. In fact, President Obama recently passed the CHIP Reorganization Act, which ensures that the plan will reach millions of new children in 2009. Whomever you obtain insurance through, it's vital that you find out what your plan covers BEFORE your baby is born. Typically, your insurance company will pay for well-child care, which includes vaccines, medication, and normal check-ups. You'll also want to find out if your preferred OBGYN and pediatrician are part of your insurance plan's network. If they are NOT, you can expect to pay more-or even ALL OF-the costs to see these doctors. Remember, your new baby should never be without insurance. Visit cms.hhs.gov/home/chip to find out more.More »
Last Modified: 2013-03-29 | Tags »
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