Insurance Marketplace, Inc Blog
If you have a new baby or you just recently adopted, you might consider getting health insurance coverage for your latest family addition. Health insurance will take care of the baby's medical fees in case of a medical emergency or an unforeseen event.
The Ideal Health Policy
It’s impossible to find a health policy that will apply to a newborn, but your baby may be included in your existing family health policy or a group insurance policy. Talk to your current health insurance provider to find out how to add your new baby ASAP.
The Minimum Age For Coverage
Usually, insurers allow the addition of a new baby after 90 days, but take note that the age can vary from one company to another. Also, some companies may insure a newborn from the first day, which is under maternity and newborn coverage or an additional cover. Again, talk to your insurance provider to find the starting coverage date if you have a maternity and newborn coverage.
How To Apply
The time of application is usually at the time when the coverage is renewed annually. This is included in the form provided by the insurance company together with any supporting documents. But if the insurer is willing to cover the newborn from day one, the company must be implied within a week of the birth of the baby.
Within this week, you should already have a name for your baby. Although you might need to think of a baby name in a hurry, this is very important if you want to insure him right away. So, it’s best to come up with a name weeks before you give birth.
Prepare All Necessary Documents
The most common documents you need to file for health insurance of your newborn include copies of his birth certificate, the mother's maternity discharge card, and any medical reports for the baby's condition, in case the baby has suffered any issues during birth. A photograph of the baby may need to be provided in some cases.
Recalculating Your Premium
Your health insurance company will recheck or recalculate your premium according to the addition of a new member. The revised amount should be paid to the insurer to renew an existing policy.
At Insurance Marketplace, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (541) 779-0177. Get your free quote today by CLICKING HERE.