Out of 52,000 people surveyed in a study conducted in the first half of 2011, a significant number of children aged 0-17 years find themselves in families burdened with medical care.1
Here is a more specific breakdown:
- 13.4% of all children live in families that have trouble with the medical bills.
- 23.7% are in families that have or had problems paying medical bills in the last 12 months.
- 31.7% are in families that are paying medical bills over time
- 38.6% are in families that are “financially burdened” by medical care.
All this is despite the fact that children aged 0-17 years of age are actually the most likely to be protected by health insurance: a study from the Carsey Institute showed that 92% of all children were covered.
If that’s the case, then why are more and more children are living in a family that have problems paying medical bills?
Simple: mom and dad aren’t insuring themselves enough.
Your children may have excellent health insurance, but that won’t mean much if you, the parent, have insufficient health coverage. You end up having to foot the bill for when a medical emergency comes your way, and those expenses will have a significant impact on your entire household.
If you are knocked out of commission and are unable to bring home money because of an unexpected illness or accident, then you won’t even be able to earn the money to pay the bills in the first place.
What’s even worse is that single parents are often the only providers in the family. Whether it be a simple cold or a full-blown car accident, unprepared mom could find herself in deep financial trouble if she does not invest in health insurance.
So here’s a shout-out to all you single mothers out there: insuring your kids and keeping them healthy is important, but don’t ever forget your own health as well. They rely on you, so keep yourself protected as much as you can.
If you can’t afford private insurance on your own, medical assistance is available in the form of Medicaid. For specific information about applying for Medicaid, eligibility, coverage and services, please contact your local Medicaid office.