Affordable Health Insurance for ChildrenAccessible Health Insurance For Children
Accessible health insurance for children: Guide for Parents
The search for affordable health insurance for children can be challenging - you need to match your budget needs with your family's medical needs. Insurance policies that only apply to children, without grown-ups, are not rare and are offered by either privately or publicly funded health insurers.
Under the Affordable Care Act (ACA), any qualifying health insurance policy purchased in the open market must have an equal health insurance policy for those who have not turned 21 before the insurance for that year begins. However, since the scheme must be of equal value, pure children's schemes are also and must contain qualifying health insurance:
Insurance undertakings must provide insurance cover to each applicant during the open application year. Ongoing cover independent of current diseases: That means that if your baby has or has developed a medical condition, health insurance cannot refuse, suspend or require more for its cover. The children's health insurance includes, among other things, free pension benefits:
Please be aware that the Accident and Emergency Insurance Act also stipulates that all health insurance funds, both single and group, must provide dependant cover up to the age of 26. Medicare does not cover this, but it does cover health insurance policies that are traded on and off the stock market. Just 48 per cent of US homes use employers' schemes to cover their children.
Perhaps because some employers' schemes provide dependant cover that seems prohibitive. Maybe because some parents or legal guardians are registered with Medicare, which does not provide dependant insurance. When you try to find out if you can only take out health insurance for your children, you are not alone. Parents who do not have employer-financed health insurance or whose schemes do not provide the value and affordable value required can claim grants.
If only one of the children is covered by health insurance, a custodian may still claim grants as long as 1) he or she fulfils the necessary conditions and 2) he or she is covered by a statutory relative. An approved health insurance representative can help you establish whether you are eligible for a grant and help you with the application process.
When you are in an employer-sponsored scheme, you are unlikely to be able to claim grants to pay the premium and expenses of a pure children's health insurance only. This is because grants are only available to those who have no eligibility for employer-funded schemes, to those whose employers' schemes 1) offer no thresholds and 2) do not comply with affordable levels, and to those within 100 per cent and 250 per cent of the Confederation's breadline.
For more information on affordable health insurance for children only and to find out if you are entitled to benefits, call us today at (800) 658-0912 to speak to an approved insurance broker.