Insurance for my baby?

Question

I am researching insurance options for my baby. The baby will be born in few months. I know that the baby will be insured 30 days after he is born.

This is my question. Should I find an individual plan for the baby or should I add the baby to my insurance? I did not even know one can add the baby to an existing insurance. I am just trying to find the best deal. If I have to have an individual plan for the baby, I am looking only for Blue Cross or Blue Shield of California (PPO only). If you have any suggestions, please share.

Thank you

Answer 1

Most insurers will advise you against buying a policy for a child.  However, most will advise buying a policy to cover initial burial charges that one will realize.  Note, do not purchase a insurance policy as an "investment" for the child.  If you want to buy insurance buy insurance, and if you want to invest (you should do both) then you should speak to a financial adviser.

Answer 2

to search your detail option for your child insurance visit the site http://wwwinsuranceplan4u.com

Answer 3

If you currently have employer group insurance, you should add the new child to your coverage.

Answer 4

Base upon my recommendation may not totally answer the question,it is helpful indeed though.here you go.

http://insurance.online-assistant.info

Answer 5

Each state is different. In Arizona it would be too expensive to have child-only coverage for a child under the age of two. After the age of two the premium drops dramatically. This may be something to keep in mind down the road.

It is your responsibility to add the child within 30 days of birth, and is very important to do so. Within the 30 days you do not need to answer medical questions, there will be no waiting periods, etc., and your child will be covered from day one on the existing plan you have.

Answer 6

I think you might be mistaken on the baby being covered for 30 days after he is born.  He is covered only if you add him to your policy and you have 30 days in which to add your baby since birth is a qualifying event.  If you would choose not to cover the baby within that 30 days, he wouldn't have insurance.  If you do cover him within 30 days the coverage starts the day he was born.  

Most individual child policies can't be wrote until a child is at least 1 month old.  

Add the baby to your group policy as soon as he is born, that way there won't be any delays in getting the claims paid.

Answer 7

If this is through your employer,they have a "Change of Life" status clause. This says, if you have a change of life, ie birth, death,divorce, marriage, usually the change can be made right then and there. I would suggest going to your HR dept and checking with them, occasionally it happens that you must wait til open enrollment but this is so few and far between that I wouldn't think about it.