Paying insurance premiums using tax-favored methods is an incredibly important strategy that families young and old should embrace. It is often far too easy to procrastinate important purchases because of the monthly cost.

By taking advantage of tax savings on the premium, your claims benefit may be much smaller. Cancer insurance policies represent a low-probability versus high-return tradeoff. Having a slightly smaller benefit is far better than none at all – if the need ever arose.


Along with an unpaid maternity leave, a sudden spike in health insurance premium costs is a nasty surprise for many couples in the United States.

Many families do not discover the true cost of their healthcare coverage until they must pay the premiums themselves without an employer contribution, using post-tax dollars.


The primary benefit of flexible spending accounts is the ability to make pre-tax payroll deductions and use the money for items you might otherwise spend using post-tax dollars.

An FSA is not the only opportunity to take advantage of these savings. Find a comprehensive list of savings opportunities.


Not every child is born perfectly healthy. One of eight babies is born preterm, with low body weight, birth defects, or other serious illness. Sometimes infants become ill shortly after coming home from the hospital.

Purchasing healthcare coverage for children with preexisting health conditions is much easier than in the past. Given the need for ongoing care, you may want a plan with higher actuarial values.


Newborn baby health insurance coverage comes automatically for thirty days after birth as part of mom’s plan. Then come complicated choices for parents, which they must make quickly while still sleep-deprived.

New parents must choose between adding their baby to an existing plan, changing their plan level, or switching to child-only coverage.