Exemptions to the Individual Mandate
There are some cases where there is no penalty to not having coverage.
The unfortunate truth of parenthood is that 1 out of every 33 infants born in the U.S. has a birth defect. These can be serious conditions requiring lifelong treatments. When looking at a plan, pay close attention to coverage limit on prenatal and neonatal screenings, emergency delivery procedures, and extended in-hospital pediatric care.
There is often a deadline for registering your newborn to your health plan. Don’t let it slide by or you will pay more.
Consider starting a flexible spending account to cover some childhood expenses.
If adopting or becoming a stepparent, ask your insurer about adding a child to your plan before you become a legal guardian.
More than 200,000 children are injured every year on playgrounds. Consider buying an umbrella policy to protect against someone getting injured before you install any play equipment on your property.
5 Tough Questions to Answer Before Becoming a Parent: click here
10 Insurance-Smart Things to do Before You Become a Parent: click here
For more information about what to consider for your insurance needs click here
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