You Are Graduating From College
If you’re currently in college and have an insurance plan, it’s likely that you are a dependent on a plan belonging to a parent. Most plans will cover full-time students either until they graduate, or up to a maximum age, whichever comes first.
Once you graduate, your coverage under that plan will come to an end. Something that you probably never thought about before now becomes a priority! You may need to purchase an individual plan to ensure you have adequate coverage for both routine and emergency medical care.
You Are Getting Married
One of the most exciting milestones in your life! You are joining together in one household and from now on, you have another person to worry about. You need to consider your spouse’s health insurance needs along with your own.
If you already have a plan, you can add your spouse as a dependent after you switch from single to family coverage. This will raise your premiums, but not much. If you both have coverage, you may want to add each other to your plans so you can top up your benefits if something is only partially covered under one plan.
When you arrange to add your spouse to your plan, find out if there are any provisos about pre-existing conditions to avoid any confusion.
Go over each of your plans and find out if they are sufficient or if anything is lacking. You may even choose to keep just one plan and use it for the both of you. Whatever you decide, make sure you find a solution that meets your current and future health insurance needs.
You Are Having a Baby
How exciting it is to welcome a new member into your family! In the hubbub of having a new baby, don’t forget that your little one will need insurance too! New babies bring new expenses. Most provincial plans will cover hospital services and doctor visits, but there are a lot of things only your insurance plan will reimburse.
If expanding your family wasn’t in your life plans when you originally purchased health insurance, you will need to re-evaluate your existing coverage to find out if it still meets your needs (and your baby’s!).
You Are Retiring
Finally! It feels like you’ve been waiting your entire life for this to happen. But don’t forget about your health insurance! Your status as a retiree will affect your coverage, so make sure you have enough.
As you age, certain changes to your health are going to happen. If you currently have a health insurance plan that covers only the bare minimum, you may want to shop around for one that covers more and better suits your needs.
The older you get, the more you will need your health insurance. Our bodies age, bones become brittle, your immune system weakens, and hospital visits become more frequent. Pay attention to your health and make sure you have a plan that will keep you healthy.
From Family to Single Coverage
Depending on your situation, you may find that it’s no longer necessary to have family coverage. You can contact your insurance provider to switch you to single coverage. While you’re at it, you should review what is included in your plan and see if it will still suit your needs.
Reviewing your health insurance every so often is very important, especially in the context of your health and changes you may be noticing. You may already have all the coverage you need, or you may find that it’s outdated.
Call our office today and find out more about what our plans cover and how they can suit your needs, whatever they may be.