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6 reasons raising kids costs less than you think

6 reasons raising kids costs less than you think News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



6 reasons raising kids costs less than you think

families in developed countries are having fewer children and women are putting off having kids until later in life, bringing america’s fertility rate to an all-time low. if you’re among the many u.s. couples intimidated by the costs of raising a family or hesitant about whether you can have another baby, you can worry a little less. the cost of raising a child might not be as high as you think.1. insurance plans differ on maternity coveragethe cost of childbirth can be intimidating to prospective parents, especially since medical expenses are opaque and depend on a number of factors. with employer-provided insurance, average out-of-pocket costs for vaginal delivery were $2,244 (12 percent of the total cost), and costs for c-section delivery were $2,669 (10 percent of the total cost) in 2013, according to a study by truven health analytics.that data is consistent with the rule of thumb that insurance typically covers about 90 percent of the cost of a hospital birth. since passage of the affordable care act, all individual plans and employer-based insurance plans must offer maternity benefits. if you’re covered by medicaid, as are nearly half of all u.s. births, your out-of-pocket costs will be zero, or close to it.for prospective parents who don’t use medicaid, insurance plans are not all equally cost-effective in the long run. forecasting your expenses can help determine what plan is most cost-effective for your family. before our first child, we settled on a health ...