Comments on: Insurance for Kids? http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Private Krankenversicherung http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-11079 Private Krankenversicherung Mon, 22 Sep 2008 09:59:34 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-11079 Excelent blog and comments. Thanks and best regards from Germany Private Krankenversicherung Excelent blog and comments. Thanks and best regards from Germany Private Krankenversicherung

]]> By: Anjo http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-10021 Anjo Thu, 11 Sep 2008 15:00:11 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-10021 Tim, in that case agree that it would be silly for folks to consider additional (redundant) health insurance. Emergency fund would suffice. Tim, in that case agree that it would be silly for folks to consider additional (redundant) health insurance. Emergency fund would suffice.

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-10007 Canadian Dream Thu, 11 Sep 2008 12:05:31 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-10007 Anjo, I was assuming in the above post that people had work coverage hence the extra coverage would be useless. If you don't have it, then you do likely need more than just the $1000 fund. Tim Anjo,

I was assuming in the above post that people had work coverage hence the extra coverage would be useless. If you don’t have it, then you do likely need more than just the $1000 fund.

Tim

]]> By: Anjo http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-9909 Anjo Wed, 10 Sep 2008 15:47:23 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-9909 While an emergency fund is nice for common expenses, insurance at a minimum should be used to provide coverage in catastrophic events. In the case of health coverage, if an individual or a spouse does not have coverage at work, they may be wise to buy a basic health plan that at least provides some form of protection for themselves and their children. It is not uncommon for some drug or other health treatments to cost in the thousands of dollars per year. Don't kid yourself that our so-called public health system will cover the cost. Do you want to gamble that you will never need this coverage? An emergency fund of a thousand dollars doesn't go too far when it comes to health expenses. If you want to self-insure catastrophic health coverage, ten to twenty thousand might be more appropriate. Expect the best, and then mitigate the risk associated with the worst. While an emergency fund is nice for common expenses, insurance at a minimum should be used to provide coverage in catastrophic events. In the case of health coverage, if an individual or a spouse does not have coverage at work, they may be wise to buy a basic health plan that at least provides some form of protection for themselves and their children. It is not uncommon for some drug or other health treatments to cost in the thousands of dollars per year. Don’t kid yourself that our so-called public health system will cover the cost. Do you want to gamble that you will never need this coverage?

An emergency fund of a thousand dollars doesn’t go too far when it comes to health expenses. If you want to self-insure catastrophic health coverage, ten to twenty thousand might be more appropriate.

Expect the best, and then mitigate the risk associated with the worst.

]]> By: TheMiddleOne http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-9743 TheMiddleOne Tue, 09 Sep 2008 02:33:40 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-9743 I got the same form you did and had the same reaction you did (same school division, I bet). For the record, my son broke his arm two summers ago playing on our front lawn and it cost me nothing. He even got a cool, waterproof cast, so it didn't wreck our month at the lake. I got the same form you did and had the same reaction you did (same school division, I bet).

For the record, my son broke his arm two summers ago playing on our front lawn and it cost me nothing. He even got a cool, waterproof cast, so it didn’t wreck our month at the lake.

]]> By: Philippa http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-9733 Philippa Tue, 09 Sep 2008 01:27:58 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-9733 I have looked at a number of different insurance plans and for the life of me I cannot see the financial benefit of a dental plan. It seems to me that at best the premiums are a way of evening out the payments, but you don't pay any less with a plan. It's a different matter if you have an employer providing the benefits, but not for self-employed families. I have looked at a number of different insurance plans and for the life of me I cannot see the financial benefit of a dental plan. It seems to me that at best the premiums are a way of evening out the payments, but you don’t pay any less with a plan. It’s a different matter if you have an employer providing the benefits, but not for self-employed families.

]]> By: MultifolDream$ http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-9724 MultifolDream$ Mon, 08 Sep 2008 23:34:32 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-9724 Well, for sure the kids need helth insurance (at least Dental, which I use quite extensivly at the moment). The best option is to be covered as part of your benefits at work, and for sure I won't go after the first flyer I get Well, for sure the kids need helth insurance (at least Dental, which I use quite extensivly at the moment). The best option is to be covered as part of your benefits at work, and for sure I won’t go after the first flyer I get

]]> By: Traciatim http://blog.canadian-dream-free-at-45.com/2008/09/08/insurance-for-kids/comment-page-1/#comment-9686 Traciatim Mon, 08 Sep 2008 15:35:38 +0000 http://blog.canadian-dream-free-at-45.com/?p=511#comment-9686 I'm lucky I guess having my work insurance cover my kids for most dental work and any prescriptions they need, so I won't comment there. However, I'm a firm believer in having a couple of years salary (yours) life insurance in your children. You never know how the death of a child will effect you, and having the freedom to take some time off of work to gather your thoughts is a great thing to have available. It's pretty darn cheap too. I’m lucky I guess having my work insurance cover my kids for most dental work and any prescriptions they need, so I won’t comment there. However, I’m a firm believer in having a couple of years salary (yours) life insurance in your children. You never know how the death of a child will effect you, and having the freedom to take some time off of work to gather your thoughts is a great thing to have available. It’s pretty darn cheap too.

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