Insured Family Is A Secured Family Essay Examples
until the symptoms are more severe. These delays may result in unnecessary hospitalizations for conditions that could have been treated on an ambulatory basis and, in some cases, place uninsured children at a higher risk of premature death. If left untreated, some of the common childhood illnesses that can be detected and treated with routine care can also have long-term negative impacts on children’s development, including middle-ear infections, asthma, and iron deficiency. To the extent that timely and appropriate medical care might ameliorate or even prevent these conditions, insurance contributes to better future functioning and life chances for children. Further, provision of preventive care to children can have beneficial long-term effects that extend beyond health, so that society can reap the rewards in the future. The Committee recognizes, however, that there are many factors in addition to medical care that influence children’s health and development.
IMPLICATIONS OF PARENTAL COVERAGE
The Committee’s second report, Care Without Coverage: Too Little, Too Late, shows that the 30 million adults without coverage, many of whom are parents, are less likely to receive appropriate, timely care, particularly for chronic illnesses and certain life-threatening conditions, such as cancer, than are insured adults. Health policy researchers and health care professionals understand the financial and health risks of having family members without insurance. The public also appreciates these risks by showing a strong preference for insuring their families, when given a realistic and affordable option for family coverage. The Committee’s analyses in this report reveal another, more insidious and subtle consequence of uninsurance, namely that if a parent is uninsured, the children in the family may be less likely to get the medical care they need, even if the children have coverage.
Because children depend upon their parents and guardians as decision makers as well as caregivers, parents’ experiences with the health care system and their beliefs about health care are important. Parents’ ability to negotiate that system on behalf of their children affects how children benefit from their insurance eligibility and coverage. In Chapter 5, the Committee shows that parents’ own use of health care, including whether they have a usual source of care and are connected to the health care system, are powerful predictors of their children’s use of services. Compared to insured adults, uninsured adults are more likely to have no doctor visit in the previous year, to use fewer medical services, and to have negative experiences when they finally obtain health care. The evidence suggests that children of uninsured parents may be less likely to get the full benefit of their own coverage than are children whose parents are also insured.
Not only may parental coverage be an important determinant of children’s access to care, it also can affect the parents’ health. The mental and physical health of parents plays an important role in child well-being. Being in poor physical or mental health, which is more likely for those of low income and those without insurance, has a bearing on a parent’s child rearing practices and ability to cope
Life is full of risks, and most we simply have to accept. But some we can do something about.
Life insurance is an essential tool in protecting a family's economic well-being if a partner or parent dies.
Life insurance is designed to pay loved ones a tax-free lump sum death benefit if you die. The benefit should be large enough to allow them to have the lifestyle and choices that your financial security plan set out to achieve.
Personal insurance policies represent an important part of prudent financial security planning.
The money from the death benefit can be used as needed. Some examples may be to help pay off debts, help ensure loved ones can afford to remain in the family home or pay for the children’s education. The benefit can also be used to help ensure the well-being of a sibling with special needs, or aging parents who lack adequate retirement savings.
Life insurance could also play an indispensable role in protecting a business. If you and a business partner start a company, you should each have a life insurance policy. The reasons make pure business sense.
The death of one business partner may have a significant impact on the company’s operations and life insurance can help the surviving partner manage through the resulting challenges. Life insurance can provide funds to allow the surviving partner to buy out the deceased partner’s share in the company without having to sell assets. Moreover, the deceased partner’s family receives the full amount they deserve from selling their share of the company.
There are many online resources and calculators to help you learn about the different life insurance options and coverage needs. The large variety of options allows you to customize a policy to fit your needs, and that may include the flexibility to increase coverage as needed.
Once you have done some primary research, consult your financial security advisor. Life insurance may play a starring role in your financial security planning.
The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.