Commentary: In Harm’s Way – Undermining Children’s Health Insurance (CHIP)


For nearly two decades, CHIP has been a source of coverage for families, ensuring access to high-quality, affordable, pediatric-appropriate health care for children in working families whose parents earn too much to qualify for Medicaid but too little to
purchase private health insurance.

This is a great program that has played a vital role in reducing the number of uninsured children by more than 50 percent while improving health outcomes and access to care for children and pregnant women across the nation.

If Congress fails to act now and proceeds with the proposed Republican plan, the 10.2 million children estimated to be enrolled in CHIP in FY 2015 will be at risk of having their health coverage unfunded, or perhaps even terminated. If this happens millions of the children who could possibly lose CHIP would have no other coverage option available to them. These children would be fundamentally uninsurable. This would result in a dramatic increase in the rate of uninsured children here in America, and it would be an enormous step backwards in healthcare progress for American children.

Insurance Decisions To Contemplate For Families With Children

The insurance world is enormous, and as parents, there are all kinds of insurance needs for your kids. It’s really important to keep all your insurance documents organized because you’re about to understand just how much insurance truly comes into play. You might think you’ve thought of it all, but have you? Perhaps you’ve left something out, or maybe you need a money-saving tip or two.

Family insuranceLife Insurance

People don’t like to talk about life insurance when it comes to children, but it’s important to take care of this matter. One of the worst things that can happen to parents is to lose a child, and, unfortunately, it does happen. Insurance is about being prepared, and you have to think about life insurance and its advantages when you purchase certain insurance vehicles for your children.

Dental And Health Insurance

Kids are always going to the dentist, more often than they are visited by the tooth fairy. Of course, your children are going to be on your insurance policy when it comes to health and dental insurance. Most employers are going to offer insurance to their employees, but there are those employers who still work around the matter.

If you’re unable to get insurance with your employer, there are government options available and private health insurance carriers that can help you secure a policy. Remember the current move to make sure that no one is uninsured, especially when it comes to children.

Auto Insurance

Okay, so the little guy isn’t driving just yet. But you’re going to have to think about this in the future, and as it gets closer, do you have the right auto insurance company that can save you the most money when adding your teenager to your insurance? Remember, this is like a big red X right on your insurance policy, which can skyrocket the amount you owe for your policy unless you do your due diligence.

Many families find it best to group many types of insurance together with the same company. Individually, things might have went another way, but when you’re talking about family insurance, especially larger families, it’s just easier to keep things in order that way. Plus, you can bank your savings on the fact that you bought bulk insurance through a reputable company. After all, these larger insurance corporations are the ones that are likely to provide multiple types of insurance.

Insurance As A Savings Plan?

You’ve heard about how when you start off certain insurance vehicles for your children at any age, they can become savings plans, perhaps even money for college in the future. However, there are much better ‘investment’ vehicles for these matters. Instead, look at insurance as the right protection and providing for your children’s needs.

It is necessary, and when possible, it can become an investment vehicle; however that should be a bonus on the side. With all your insurance needs, your main focus should be on saving money. Your children need the best insurance, and it’s time to get prepared.