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Every parent wants their child to be happy and healthy. Fortunately, there are many ways to get health insurance for children without spending a fortune.
We will take a look at how you can protect your child's health with insurance. We'll also show you how to get health insurance for your child and some of Benzinga's favorite companies that offer kids-only choices and family plans.
Get health insurance for your baby
Tip: Compare 2-3 companies at the best price
The best health insurance for children:
Options for children's health insurance
The introduction of the Affordable Care Act (ACA) requires that insurance providers allow minors under the age of 26 to remain in the health insurance plan. As a result, very few insurance providers now offer child-only plan options. However, you have several options for finding health insurance for your child.
Private family plan
If you are self-employed or you are not eligible for health insurance through your employer, you can purchase an independent family plan on the Accordable Care Act (ACA) market. ACA family plans are cheaper than buying an individual plan for each family member.
Every plan you see on the ACA market includes at least the 10 essential health benefits required by law for both you and your child. Some essential benefits include preventive care, vaccinations, laboratory tests and hospitalization. ACA plans should also cover vision and dental care for all children under the age of 19 in the plan.
Short-term child insurance only
Do you want to fill a short coverage gap but run out of money? You can purchase a short-term health insurance plan for the child. Short-term plans are usually the cheapest health insurance option you will see, but they offer limited benefits.
Short-term plans do not have to provide the minimum minimum benefits set by the ACA and may deny coverage for pre-existing conditions. You should consider a short term plan if you are currently unable to add your child to a long term ACA compliant plan. Short-term insurance plans are illegal in some states and others put limits on how long you can have your plan.
Children's Health Insurance Program (CHIP)
CHIP is a low cost health insurance program for families who earn too much money to qualify for Medicaid. Each state has its own standards for CHIP income rules. The CHIP also covers pregnant women in some states.
The specific health insurance options available will depend on where you live, how much money you earn and the size of your family.
How to sign up for children's health insurance
Getting health insurance for a child starts by learning your options. Before you start researching your private plan choices, make sure you're not eligible for CHIP. CHIP is an exceptionally affordable option for a child's health insurance and in many states you will pay $ 0 for coverage.
You can sign up for CHIP at any time during the year, but to get started you must meet the minimum requirements of your state. Each state has different standards for those who qualify. You can find out if you have the requirements for CHIP by calling 1-800-318-2596 or by requesting a plan through the ACA Marketplace. The Marketplace will automatically direct you to registration information in your state if your earnings qualify you for CHIP.
You can add your child to your plan if you do not qualify for the CHIP and you have health insurance. Contact your insurance provider and request to add your child to your insurance plan. Your insurer will direct you to the instructions to ensure that your child is covered. Expect an increase in monthly premium costs if you switch from an individual insurance plan to a family plan.
If you have just had a baby, you also qualify for a special enrollment period through the ACA market. You may want to purchase your first insurance plan or switch insurance providers, so start by creating an account on Healthcare.gov. Answer a few simple questions about your family and your income and you will be directed to the Marketplace. The ACA market will show you all the plan options currently available in your state, as well as all the grants you qualify for. You can also sign up to get coverage for you and your child through the Marketplace.
You may not be eligible for a special membership period and you may be able to purchase a short-term plan until the start of the open membership. Short-term health insurance plans are limited insurance options that will help you pay for the major medical bills only. Make sure to compare your choices and carefully read the terms and conditions of your plan before signing up for a short-term plan.
Requirements to insure your children
The child must meet the following conditions to qualify as an employee of the insurance plan.
Age: Your child must be under 26 to stay in your ACA compliant private insurance plan or employer sponsored health plan. Relationships with you: Your child must be biologically related to you, to an officially adopted adopted child or to your stepson in order to qualify as an employee of your insurance. Residence: your child must have lived with you for at least 6 months in order to qualify as an employee. Contributions to results: the child can work and pay their own costs while also remaining dependent on your plan. However, your child cannot financially support himself while he remains on your plan. This means that your child's total income must be less than 50% of his or her care expenses. Tax filing: the child cannot remain dependent on the plan if he filed a tax return last year. Other claims for compensation: the child can be claimed as an employee of a single family. If someone else has claimed your child as an employee, you cannot add him or her to your health insurance plan as an employee. This is regardless of your biological relationship with the baby.
Your child must meet all of the above criteria to qualify for CHIP. Your family must also meet income considerations. Each state has a different maximum income to qualify. Start by creating a profile on Healthcare.gov to learn more about your state's qualification standards.
5 best children's health insurance companies
Now that you understand how health insurance works, let's take a look at some of the best health insurance companies for children's health care needs.
1. Best ever: UnitedHealthcare
UnitedHealthcare is one of the largest health insurance companies in the United States and offers plans in most states. UnitedHealthcare Childhood Coverage includes everything children need from birth through adolescence.
All of UnitedHealthcare's independent family plans include everything from visits to preventive doctors to prescription drugs. All plans also include glasses and dental care services for children on your plan. UnitedHealthcare offers national coverage and comprehensive plans for children and is one of the best family insurance providers.
2. Ideal for children's floors: Blue Cross Blue Shield
Most health insurance companies no longer offer kids-only plans that don't include coverage for a guardian. However, you can still purchase a kids-only plan through Blue Cross Blue Shield in many parts of the country. Blue Cross's child-only plans are private health insurance plans that allow you to enroll your child with ACA-compliant benefits without a guardian included in the plan.
Although Blue Cross is unable to offer child-only plans in all states, its plans offer an exceptionally affordable choice for parents who only need coverage for their child.
3. The best for online assistance: Aetna
Do you want to book most of your child's appointments online? Consider an Aetna family plan. Aetna offers individual and family plans that extend to all dependents who qualify. You can view your child's plan benefits and online payment due dates through your account when you sign up for an Aetna plan.
You can also use Aetna's online medical directory to find specialists and pediatricians in your area. This can be especially useful if you have just had your first child and need to find a new set of service providers.
4. Ideal for short term plan options: Everest
Looking for a short term insurance plan before opening registration or starting a new job? Make sure you get a quote from Everest. Everest offers individual short-term plans for adults, family plans and plans for children aged 2 years and under.
It offers a variety of deductible options ranging from $ 1,000 to $ 10,000 and help balance the benefits and costs of treatment. You can also customize your copay rate and co-insurance percentage. You or your child can easily get up to $ 2 million in coverage through a short-term Everest plan.
5. The best for comparison plans: electronic health insurance
Electronic health insurance isn't technically an insurance provider because it doesn't offer plans. However, if you're not sure where to start finding insurance, its online quote comparison tools can be a real cure-all.
Just enter some personal information about yourself and your child and eHealth will show you all the plan options available in your county. eHealth offers quotes for both short-term insurance and long-term plan options and you can view your choices in less than 60 seconds.
Protect your baby's health
It is never a good idea to spend a lot of time without some form of health insurance. Compare your health insurance options and get a quote online. Start by entering your zip code and get a quote via Benzinga. In seconds, you can make sure your child has the coverage he needs.
1) Q: What are the different parts of Medicare?
1) Q: What are the different parts of Medicare?
Medicare has 4 parts called Parts A, B, C and D. Part A provides hospitalization coverage while Part B provides outpatient coverage, such as visits to the doctor. Parts A and B form the primary coverage of Medicare. Part C provides Medicare plans for the private market, called Medicare Advantage plans. Part C coverage often includes additional benefits. Medicare Part D provides coverage for prescription drugs. Request a Medicare insurance quote through the best providers here.
2) Q: Is Medicare free?
2) Q: Is Medicare free?
Since there are 4 parts in Medicare, there can be several cost structures. Most people will not have to pay for Medicare Part A (hospitalization). Eligibility for Part A without awards is based on your work history during which you paid Medicare fees. Many people pay a monthly premium for Medicare Part B, however, which covers outpatient medical services, such as medical visits. Deductibles also apply to services covered by Medicare Parts A and B, so you will pay a portion of the annual cost.
Medicare C and D parts are optional coverages and have their own premium costs. Part C of Medicare refers to Medicare benefit plans that offer additional coverage in exchange for a monthly premium. Part D, the prescription plan, reduces the cost of medicines but also requires a monthly premium. Grants may be available for low-income families to help reduce overall Medicare costs.
3) Q: Do I need to register for Medicare?
3) Q: Do I need to register for Medicare?
If you signed up for social security before the age of 65, you automatically signed up for Medicare but the benefits will begin at the age of 65. In most cases, there are penalties for not enrolling at the age of 65, so it pays to sign up on time. Click here to get a medicare quote in minutes from the best suppliers.
If you have employer coverage, it may be possible to delay Medicare coverage while the work plan is still in effect. However, the size of the employer determines whether you will pay a penalty for not signing up at the age of 65. Employees (and their spouses) of companies that offer group health insurance to 20 or more people are usually exempt from late registration penalties if they are covered by the employer's plan.
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