What is the name of your state (only U.S. law)? Mississippi
If you add your child to the mother's policy within 31 days, and then she quits her job after paying the premiums for that month, will the newborn care in the hospital be covered?
My wife has insurance coverage through her work. Unfortunately, I don't know all the details as to the plan, but they pay for her coverage pre-tax. In March we will be having our second child, at which time, she is not planning on returning to work after her maternity leave. Our first child is on my insurance plan through the MS State University (I am a student), but it only allows you to buy coverage per semester, and we would have to buy it from January to cover the child. This doesn't cover any of the hospital bills at birth, however, as we found out with our first child, because the insurance company informed us that coverage can only be done through the mother's insurance. However, her premiums for an additional child were too high for us to pay. I know many of you are thinking "check out CHIPs, WIC, Medicaid, etc.", but they go by the last month's paystubs, which are too high, until my wife quits work.
So, we are thinking of enrolling the child when he is born on my wife's insurance plan and paying the additional premium (~$250 /mo) while she is on maternity leave, and then she will quit work. There is no kind of penalty or anything for this, or any type of non-coverage of hospital costs, because the child was not covered long enough is there?
Then, enroll both of our children in the CHIP program after my wife has been on maternity leave for two months, then quits work (my other son's insurance will also end in May, about the same time).
Is this a doable strategy?, or does any one have any additional information that we need to consider?
Any information is appreciated.