Kids Insurance

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COBRA Insurance: Extend the Group Plan When You Are Between Jobs

Employer’s Benefits: Extend Your Health Insurance Losing or leaving a job can be stressful, especially as the pandemic continues to affect unemployment rates in the United States. In April 2020, COVID-induced layoffs continued across the country, causing over 6 million citizens to look for coverage during the unemployment period. Career decisions often depend on the benefits employers […]

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Continuation Coverage Explained: Understanding the Duration of COBRA Coverage and Its Peculiarities

Fear of losing a job goes hand in hand with the fear of losing health coverage. But there is no need to worry — COBRA has got you covered. It is no secret that all former employees have to qualify for this continuation option. Even so, it remains an excellent alternative that can help you […]

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Dependent Coverage Explained: When It’s Time to Take Adult Kids Off Your Family Health Plan

Every parent is concerned about a child’s well-being and health. That is why it is common for parents to add their kids as dependents and provide them the much-needed security. But when the right time comes, grown-up kids have to be taken off their parent’s plan. So, when do adult kids age off their family […]

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How to Use Life Insurance to Pay for Your Kids’ College Tuition

Parents often have the cost of higher education on their minds. The rising college bills, cost of dormitory accommodation, books, and travel can be overwhelming for any parent. After all, it is a significant investment. The average annual cost ranges from $22,180 for four-year in-state students to $50,770 for the students of private colleges. If […]

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Leaving a Legacy: Reasons to Name a Contingent Beneficiary of a Life Insurance Policy

Taking out a life insurance policy or establishing a trust is a common way to ensure that the loved ones are appropriately covered and that your assets are managed accordingly. Policyholders are often asked to name primary and secondary beneficiaries. By doing so, they can help relatives avoid unnecessary disputes and prevent the assets from […]

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What Is Kids Insurance?

Most parents would do anything to make their children happy and secure their future, but that is not always possible with simple monthly savings plans, which may not be enough to cover the ever-growing education and medical costs. In this regard, child insurance programs may come in handy.

Kids insurance, or children’s insurance, includes many of the perks covered by adult insurance packages, with the main focus on the health and well-being of a child. The most popular kid insurance programs in the U.S. are Medicaid and the Children’s Health Insurance Program (CHIP).

What Does Kids Insurance Cover?

The coverage depends on the type of insurance. Medicaid, for example, is available for low-income families (to apply for Medicaid, you have to contact your state Medicaid agency or fill out an application through the Health Insurance Marketplace), whereas CHIP coverage provides low-cost health services for families that earn too much to be eligible for Medicaid.

Each state offers both Medicaid and Chip coverage, but CHIP benefits are different in different states, except for some mandatory services, such as immunization, routine check-ups, dentist visits, hospital care, prescriptions, and more. Click here to find the fullest information on the Medicaid and CHIP services in your state.

How Much Is Kids Insurance?

Although there’s no way to estimate the exact price of child insurance without knowing the amount of coverage, the payment schedule, and other details, it is safe to say that the younger the child, the cheaper it will be to insure him or her. For example, an average monthly premium on whole life insurance is about $45 for an infant, $71 for the age of 15, and $127 for the age of 30.