By McKay Moravick
Welcoming a newborn into the family is a big occasion, filled with joy and new responsibilities.
At Boettcher Insurance Agency, we understand the needs that arise during this significant life
event. With over 25 years of experience as an independent agency, we are dedicated to
supporting our clients through every stage of life. This article will guide you through the steps to
add your newborn to your health insurance plan and highlight the resources available to new
parents.
Notifying Your Insurance About Your Pregnancy
While you don’t need to notify your insurance company right after learning you’re pregnant, it’s
beneficial to do so as soon as you feel ready. Many insurance plans offer free resources to
pregnant women. These resources include everything from health advice during pregnancy to
programs that help fathers prepare for the newborn. Informing your insurance company early on
allows you to take full advantage of these resources.
Adding Your Newborn to Your Insurance Plan
Once your child is born, you’ll want to officially add them to your health insurance plan. Many
plans automatically cover newborns for the first 31 days after birth. To continue coverage past
this period, you’ll need to contact us to add your newborn to the plan. This typically involves
providing documentation like a birth certificate or proof of birth from the hospital. At Boettcher
Insurance Agency, we can assist you with these steps.
Life Insurance Considerations for New Parents
The arrival of a newborn is also a great time to consider life insurance. Life insurance provides a
safety net for your family in the event of a sudden death, covering expenses such as funeral
costs, debt, and future education costs for your child. There are two main types of life insurance
to consider:
● Term Life Insurance: Provides coverage for a specific period, usually 10 to 30 years. If
the policyholder passes away during the term, their beneficiaries receive the death
benefit. Once the term ends, the policy loses its value.
● Permanent Life Insurance: Offers lifetime protection, including both a death benefit and
a cash value component that acts as a savings account.
Changing Your Health Insurance Plan
The birth of a child is considered a qualifying life event which triggers a Special Enrollment
Period (SEP). This allows you to make changes to your health insurance plan outside of the
regular open enrollment period. This 60-day window begins on the date of your child’s birth and
allows you to adjust your coverage to meet your family’s needs. During this period, you may be
required to submit documentation to confirm the qualifying event. Our team is here to guide you
through this process, making sure you make the best choices for your family’s health coverage.
At Boettcher Insurance Agency, we provide ongoing support for all of life’s significant moments,
including the arrival of a new family member. As an independent agency with over 25 years of
experience, we pride ourselves on offering our unique services and expert guidance. Contact us
today to learn more about how we can assist you in adding your newborn to your insurance plan
during this exciting time.
