Insurance World

No matter how many books we have read; no matter how many films we have watched; no matter how many nieces, nephews, and younger cousins we have; no matter how many teenage years we have spent babysitting for extra cash. Nothing can prepare us for the world of parenting the way actually having our own baby, 24 hours a day, seven days a week, 365 days a year.

When we become parents, we want the best for our children. We want them to have the best child care if both parents work full-time. We want them to have the best education, and many of us enroll them in pre-schools to get that education rolling early. We want them to eat the best foods, have the best exercise, and live in the best neighborhoods.

However, good parenting goes beyond just making sure our children have the best of everything in the here and now. Good parenting also means making sure our children have the best protection in the event of emergencies in the future. In other words, good parenting also means protecting our children with good health insurance.

Many parents can easily add their children to their own health insurance policies; yet, if a parent works a part-time job that doesn’t offer health insurance benefits, or is a self-employed individual, finding good health insurance for children might take a bit more work.

The good news is that many health insurance companies offer health insurance policies specifically for children. If you are a parent who doesn’t have your own health insurance policy for whatever reason, try calling your state’s insurance agency and asking about health insurance companies in your state that offer these kinds of health insurance policies for children. You can also try searching the Internet for national children’s organizations that offer health insurance benefits for children; there are many out there that do offer coverage for children of certain ages.

Medical insurance can be complicated enough – for seniors, it seems the picture is often more confusing. Most seniors don’t work and many are in ill health or have special medical needs. And many seniors rely on government funded assistant living facilities – an estimated 1 million seniors live in around 30,000 assisted living facilities throughout the country.

Most seniors qualify for either Medicare or Medicaid, depending on their income and situation. Medicare is available to those who are at least 65 years old, and have legally lived in the US for at least 5 years before applying. Medigap insurance is supplemental health insurance taken out by some seniors as a way of supplementing their Medicare insurance.

Medicaid is funded by the government and administered by individual states under their department of insurance. Qualification for Medicaid also depends on an individual’s assets, income and type of residence. Medicaid will usually cover most or all of the costs of nursing home admission and the accompanying care that is necessary.

Some seniors, because of a particularly low income or a specific disability, may also qualify for Supplemental Security Income (SSI) a program administered by the Social Security Administration. This program offers several benefits including providing monthly supplemental payments, food stamps and assistance with hospital visits and drug costs.

If you don’t qualify for Medicaid, what is known as long term care insurance can be purchased for long term stays in nursing homes or assisted living facilities. If you are shopping for long term insurance, you should consider what other benefits are covered under the plan, the costs of premiums and whether the policy covers pre-existing conditions.

Seniors may also find themselves using the services of Health Maintenance Organizations (HMOs) HMOs generally accept Medicare payment and offer lower cost deductibles or co-payments. They also put an emphasis on preventative medicine as well as the actual treatment, and many provide eye care, dental services and emergency care when necessary.