Friday, May 25, 2007

health insurance plan and child birth

You might have as little as 30 days following your child’s birth to add him to your group
health insurance plan. If you miss this deadline, your health insurer might require you to wait until
its next annual "open enrollment" period before you can add your baby to your health insurance plan.
If your employer offers more than one choice of health insurance plans, open enrollment is a good time
to evaluate your present coverage and see if it meets your expanded family's needs.

Bear in mind that individual insurers don't have to cover pregnancy at all, and if they do they might impose
a 12-month waiting period after your health insurance kicks in before they will pay for pregnancy-related claims.
As for group health insurance, there's no legal requirement that your employer offer health insurance at all.
If your employer opts to do so, your health plan must comply with any laws that mandate maternity coverage.

Having a baby is a life-altering event

Lacking the proper health and life insurance can be, too.
If you recently had a baby or are expecting, now is the time to examine your new insurance needs.

You now have a new dependent who benefits from your wages. As your baby's main — or sole — cash resource,
you need to insure your potential future income against losses in the event of your death.

Be aware that

Be aware that not every home can qualify for flood coverage. You might not be able to obtain flood insurance if your beach front or ocean-side property sits in an area prone to destructive hurricanes or thunderstorms.

When purchasing a flood policy, it is important to buy one as soon as possible, regardless of whether there is a flood looming on the horizon. You can purchase the insurance at any time, but the policy takes thirty days to go into effect; therefore, if you buy a policy immediately before a flood takes place, you are out of luck.

comprehensive travel insurance

Many travel agencies, cruise lines, and tour companies sell travel insurance directly, but it's not really the best way to buy it. While prices are sometimes better, the coverage is likely to carry more exclusions. Buying insurance through a cruise line or tour company also means you probably won't be able to collect if they go under. In general, it's best to buy travel insurance directly
from an insurance company.

1st comprehensive travel insurance policies, which include travel medical coverage,
medical evacuation, and trip-cancellation or interruption insurance, cost between 5 and 7 percent of the price of your trip. Prices are based on your age and the cost of your trip — where you're traveling generally doesn't factor into the price — as well as the amount of medical coverage and baggage-replacement insurance you buy.