Baby’s are a huge blessing, but having one will cost a lot of money. Here are some tips perfect for Preparing Financially for Baby . This is a sponsored post on behalf of UHC. However, All opinions are 100% mine.
Babies are such a blessing! They bring so much happiness to a family. However, for many having a baby may be stressful because of the financial aspect of having to pay for so many things like hospital, insurance and more. Thankfully, if you plan it right it doesn’t have to be! It can be pricey ,but if you prepare yourself there doesn’t have to be crazy surprises at the end when it’s all said and done! So here are some tips to help in Preparing Financially for Baby.
The most important thing to remember is no matter how much you plan you’ll never be ready for a baby, however these are things you can do to help cushion some of the financial aspects of having a baby.
1.Understand your health insurance and anticipate costs. Having a baby is expensive, even when you have health insurance. You should head over to your insurance and find out how much you should anticipate to pay for all the medical expenses that you will face. United healthcare has a great tool to help you figure that out. By doing so you can help alleviate some unexpected costs that may come from having a baby and help you plan.
2. Make a Budget. Even though you have an idea of the anticipated costs ,it’s important to make sure you have an idea and set a certain budget up to help with the financial costs of this new little person. Setting money aside every month will help you when baby arrives. Since you’ll have about 7-9 months to prepare it should be enough time to make a good solid budget and have set aside money for a rainy day or for hospital expenses.
3. Know what services will be covered: There are many things that won’t be covered and many that will when your baby is born so make sure and check out what you will be responsible for. Many Insurance companies don’t cover Circumcision or Hospital Stays for parents if the baby has to stay longer than mom. So make sure and see what your insurance will cover. Also become familiar with terms like Deductible, PCP more!
4.Make sure you have an in network pediatrician for your baby. Sure there are great doctors out there but are they in your network? Make sure and ask friends about their favorite doctor then head to your insurance provider to see if they’re in network. There are many tools to help you find the perfect doctor along with reviews.
5. Don’t stress. I know it’s easier said than done and the first thing you will probably want to do is stress, but if you follow a budget and keep in mind the expenses, a baby shouldn’t be a daunting financially hardship most worry it will be. Take it from me a mom of 5!
Because it can get pricey and there’s so much to consider, UHC wants to make it easy for you! So check out these great tips. After checking them out make sure and head below to enter for your chance at a $50 Amazon Gift card! UHC has put together some fun games,videos and more to help you learn more about various aspects of healthcare you might not know about, in the process you can win big!
One lucky winner will have a chance to win one . So head below and enter for your chance to win. Giveaway open to US only and ends on 9/30 at 11:59pm EST. Good luck!