To help grandparents raising grandchildren better understand their insurance needs, the National Association of Insurance Commissioners offers tips and considerations regarding auto, home, health and life insurance.
Health Insurance Considerations for Raising Grandchildren
- Your grandchild may be eligible for government health programs. According to the AARP, a grandparent can apply for a grandchild to be covered by Medicaid or State Children’s Insurance Program in any state. Most states do not take grandparents’ income into consideration when applying for a grandchild’s health benefits. Check with your state insurance department to find out if your grandchildren qualify.
- If you are still working, contact your human resource department and health insurance company to find out whether your grandchild is or can be covered under your policy. You will likely have to prove that you have legal guardianship of the grandchild in order for your insurance provider to accept him/her as a dependent child.