Most of us are aware of the financial consequences and burdens that may befall a family if an income-earner in the family suffers an accident or a serious illness. Hence, we tend to believe in the need to insure the adults in the family more readily. It is also a fact that it is easier or more possible to imagine the adults in the family getting hurt. Picturing a child getting hurt or accepting the possibility of that happening is more painful and therefore, avoided.
Accidents
However, as adults, we do have the responsibility to face difficult facts and make the right decisions. I am not asking you to picture the worst happening to any child. I am asking you to accept the fact that kids will be kids. They are most active and often indulge in play that could possibly hurt them. All it takes is a fall and a resulting broken wrist to burn a hole in your pocket. These are unforeseen expenditures and with rising living costs, such expenditures have the ability to take its toll on us.
Common Medical Conditions
There are also certain medical conditions that are more common among the younger generations. For one eczema and asthma had been on the rise. Getting your kid insured from a young age before these conditions show up will help make sure that you can cope with the medical bills and therefore, be able to provide necessary medical attention for your child.
Serious Illnesses
Lastly, it is a sad truth that there are always families out there who find themselves in the very unfortunate situation of finding out that their kids are in more serious medical conditions. At such moments, the last thing anyone wants is to be thinking about medical bills. It is more important to be there for the kid and not to have to sort out finances.
Not Only When There’s A Hereditary Medical Condition To Be Afraid Of
It is wise, therefore, to obtain health insurance for your kid. It is not something to be done only when you have a hereditary medical condition and you are afraid you may have passed it to your kid. There are affordable child insurance plans in the market and with good research you should be able to find one with a good coverage as well. Otherwise, you may also consider adding on your child as a rider to your own health insurance. All it will do is to raise your premium a little.
Source by Uma A Ilango
