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Kids and Health Insurance

kids and health insuranceDivorce changes a lot of things in your family unit, but it does not change one of the major goals that parents often desire to achieve: the ability to raise your children in a way that puts their mental, emotional, and physical health first. Before your divorce, you and your spouse worked as a single unit to protect and provide for your children. Now you must work as separate units, all-be separate units that agree at times, to care for your children.

Private and public health insurance is one vital area that helps you and your ex encourage physical and emotional health in your children.

The nice thing about Australia’s healthcare is that it already provides basic health care necessities for parents and their children. Tax and government funded Medicare provides you with a means to provide basic health insurance for your children at a free or reduced price. Medicare allows you to get your children:
• Free immunization shots.
• Free access to public hospital as a public patient.
• Cheaper access to public or private hospitals when you are a private patient.

If your child is a private patient you can decide when and where they will see a doctor. You will not need to wait hours or days on a wait list. When your children are private patients Medicare will pay for 75% of the Medicare Schedule fee.
• Some prescription drugs at a cheaper price.
Free or subsidized health care is a parent’s dream. Due to that fact, you may decide that you have no need for private health insurance. It is a valid choice, but you should be aware that public health insurance does not provide coverage for all necessary medical procedures. Medicare is great, but it is not perfect. Perfection would be financially unfeasible for any relatively free health care system.

Private Health Insurance
Although private health insurance provides basic health care for free or reduced prices, you still might decide to supplement your public health insurance with a private health insurance plan.

Hospital cover helps you pay for the portion of your health fees that Medicare does not cover:
• Ambulance rides.
• Rehabilitation fees.
• Theater fees that hospital charge you.
• The 25% not covered by the Medicare Schedule fee, as well as any additional money that you must pay for health care due to the fact that your doctor or hospital set their prices above the Medicare Schedule fee.

Extra cover provides you coverage for common medical procedures not covered by Medicare:
• Dental checkups.
• Glasses or contacts.
• Orthodontic Work.
• Prescription drugs.
• Physiotherapy.

If you feel that you can deal with surprise hospital visits alone, you might consider focusing any potential private health insurance on the extra coverage plans. While hospital visits may be few, the possibility that your children will need glasses, orthodontic work, or dental work is fairly high.

If you do decide that you want private health insurance, you should be aware that most of the insurance plans require a waiting period before you are able to make claims on your medical expenses. There will be a 6 month waiting period before any dental procedures and a 12 month waiting period before glasses and contacts are covered. You should not decide to sign up for health insurance because you want to save money on your purchasing glasses for your kid within the next week.

Single Parent Household Health Insurance
If you want private health insurance, but you do not believe it is economically feasible for you at this time. You should be aware that as a single parent, you are eligible for cheaper rates than you were before your divorce. Cheaper health insurance for single parent households is a development that came into effect in April of 2007. Before then single parent households were given the same monthly premium fees as families with two parents. If you are still struggling to pay for private health insurance with cheaper fees, you should consider requesting that your ex-wife pay for a portion of your monthly health insurance fees. If you are still negotiating your divorce, you could request that health care coverage be part of the child support that will be paid.

While health insurance is vital and private health insurance helps pay for some necessary medical procedures, you might be able to get by using Medicare. If you cannot handle another financial responsibility in your budget at this time, you may want to consider waiting for private health insurance. If you have the choice between superior health care and buying food for your kids, well the choice seems obvious to me. As parent’s you must do what you can to provide for your children, and one day you may be in a situation where you want afford to invest private health care for your children.