your child leaves home it is because he or she has matured into a responsible
adult. Regardless, it's a time where emotions are sure to be running high and
assisting your child for life on his or her own is probably important to you.
Your child's and your own insurance should not be overlooked.
When your child
leaves home, it may affect both your child's and your personal health
insurance. If you have health insurance that covers your family, the coverage
on your child will expire at a point in time when he or she is no longer
dependent upon you or at a certain age (check with your insurer for details).
If you have coverage on your child and it is about to expire you may have two
One would be to
help him or her obtain an individual health insurance policy. Many insurance
companies offer affordable health insurance plans for young adults to cover
them for short periods of time such as between graduation from college and
obtaining a job that offers health insurance benefits. Another option may be
for your child to acquire health insurance coverage through his or her employer
if coverage is offered. Once your child does leave home and obtains coverage
elsewhere, make sure to contact your insurance company to have your policy
updated! it may save you money!
companies have age limits with regards to how long a child can remain on a
parent's policy. Once your child leaves home, it will be time to remove him or
her from your policy. This will amount to big savings for you! At the same
time, you need to make sure your child obtains adequate coverage elsewhere. He
or she will need to obtain an individual policy. If your child gets his or her
own policy and then moves, make sure he or she contacts the insurance company
to update their policy. Rates and benefits can vary based on where your child
lives and parks their car.
a New Job
of a Loved One