Medical Tourism

Medical tourism refers to people traveling to a country other than their own to obtain medical treatment.

Ask anything about medical tourism

Financial Preparation for a Baby

Preparing for a baby isn’t just tiny clothes and heartwarming ultrasound photos; it involves a lot of financial preparation. This guide will lay out the most important financial tasks on your plate from pregnancy to baby’s first years, including: Estimating your medical costs Planning leave from your job Budgeting for the new arrival Some parenting preparations are best learned on the fly — how to effortlessly and painlessly change the messiest diapers, for instance. But the list of things to do before baby arrives and within his or her first several weeks is lengthy, so tackling certain tasks now is a smart idea. Pre-delivery planning 1. Understand your health insurance and anticipate costs. Having a baby is expensive, even when you have health insurance. You should forecast your expected costs fairly early in the pregnancy. NerdWallet’s guide to making sense of your medical bills can help as you navigate prenatal care, labor and delivery, and the bills that will ultimately follow. 2. Plan for maternity/paternity leave. How much time you and your partner (if you have one) get off work and whether you’re paid during that period can significantly impact your household finances in the coming year. Understand your company’s policies and your state’s laws to get an accurate picture of how your maternity leave will affect your bottom line. 3. Draft your pre-baby budget. Once you know what you’ll be spending on out-of-pocket medical costs, understand how your income will be impacted in the coming months and have prepared a shopping list for your new addition, adjust your budget accordingly. Babies come with plenty of expenses, so set a limit on both necessary and optional buys (like that designer diaper bag or high-end stroller with the LCD control panel), and consider buying used to keep spending under control. 4. Plan your post-delivery budget. Recurring costs such as diapers, childcare, and extra food will change your household expenses for years to come. Plan for them now so you aren’t caught off guard. 5. Choose a pediatrician within your insurance network. Your baby’s first doctor appointment will come within her first week of life, so you’ll want to have a physician picked out. Talk to friends and family to get recommendations, call around to local clinics and ask to interview a pediatrician before you make your choice. In searching for the right doctor, don’t forget to double-check that he or she is within your insurance network. Ask the clinic, but verify by calling your insurance company so you’re not hit with unexpected out-of-network charges. 6. Start or check your emergency fund. If you don’t already have a “rainy day fund,” now’s the time to anticipate some emergencies. Kids are accident-prone, and with the cost of raising a child, there’s no telling if you’ll have the disposable income to pay for any unexpected expenses. Having at least three to six months’ worth of living expenses covered is a great place to start. While in the hospital The main focus while you’re in the hospital is having a healthy baby. But there are a few loose ends that will need to be taken care of. 7. Order a birth certificate. Hospital staffers should provide you with the necessary paperwork to get your new child’s birth certificate.  Within baby’s first 30 days 8. Add your child to your health insurance. In most cases, you have 30 days from your child’s birth date to add him to an existing health insurance policy. In some employer-based plans, you have 60 days. Regardless, do it sooner rather than later, as you don’t want to be caught with a sick baby and no coverage. 9. Consider a life insurance policy on your child. No one expects the tragedy of losing a child, so many parents don’t plan for it. The rates are generally low because a child’s life insurance policy is used to cover funeral costs and little else. When it comes to covering children, a “term” policy that lasts until they are self-sufficient is the most popular choice. 10. Begin planning for childcare. Finding the right daycare or nanny can take weeks. Get started long before your maternity leave is over. You’ll need time to visit day care centers or interview nannies, as well as complete an application and approval process if required. Beyond the first month You’ll be in this parenting role for years to come, so planning for the future is crucial. Estate planning is a big part of providing for your children, but it isn’t the only important forward-focused task to check off your list. 11. Adjust your beneficiaries. Assuming you already have life insurance for yourself or the main breadwinner in your household — and if you don’t, you should — you may want to add your child as a beneficiary. The same goes for your 401(k) and IRAs. However, keep in mind that you’ll need to make adjustments elsewhere to ensure when and how your child will have access to the money. A will and/or trust can accomplish this. 12. Disability insurance. You’re far more likely to need disability insurance than life insurance. Make sure you have the right amount of coverage — enough to meet your expenses if you’re out of work for several months. Remember, your monthly living expenses have gone up since the new addition. 13. Write or adjust your will. Tragic things happen and you want to ensure your child is taken care of in the event that one or both parents die. Designate a guardian so the courts don’t have to. Your will is only one part of estate planning, but it’s a good place to begin. 14. Keep funding your retirement. When a child arrives, it’s easy to forget your personal goals and long-term plans in light of this huge responsibility. Stay on top of your retirement plans so your child doesn’t have to support you in old age. 15. Save for his or her education. College is costly, but you can make it more manageable by starting to save early. Adding a new member to your family comes with a lengthy list of responsibilities, so don’t try to do them all at once. Prioritize and tackle the most important items on your financial to-do list first. Because medical bills and insurance claims will be some of the first financial obligations you’ll encounter while expecting, start there. Move on to budgeting for pregnancy and the first several months of your baby’s life. With 18 or more years until your little one leaves home, time would seem to be on your side. But — as the saying goes — blink and he’s grown. Now is the time to start taking the steps that will set your family up for financial success. content source Featured Image Source

Some pointers to keep in mind before planning a Babymoon

Being pregnant is a happy and hectic time. Chances are you’ve been in overdrive lately running to doctor’s appointments, shopping for baby gear, stocking up the freezer. One antidote to the hubbub: a timely trip-for-two that’ll give you and your baby daddy a chance to catch your breath and do some serious couple bonding before your bundle arrives. Keep in mind some pointers! Timing Who wants to travel when they can barely keep down a bagel for breakfast? And who feels like hitting the road when they barely fit in the car? That’s why the sweet spot for a babymoon is during the second trimester (weeks 14 through 27) when you’re past the queasiest but not too big to get around easily. Reduce the stress Flying to your destination? Try to stick to nonstop flights (you really don’t want to be running for connections) and request an aisle seat so those (frequent) bathroom trips are easier to manage. Planning a road trip? Choose a babymoon spot within a reasonable driving radius (say four or five hours) and stop every hour to stretch your legs (and pee, of course). Think twice about a cruise since reaching your departure point may entail a couple of modes of transportation plus you run the risk of seasickness with no escape. Some downtime When picking your destination, go for a place that offers opportunities for serenity along with pregnancy-friendly activities. Obvious choices include a beachside resort or a B&B near a town with scrollable sights. A big city can also deliver the right balance if you snag some R&R while taking in a show or sitting and pondering paintings at a museum or people-watching on a bench in a park. Medical help available A medical emergency is a lot easier to deal with when there’s no language barrier, so book your babymoon in a country where almost everyone speaks English (or you’re fluent in its language). And no matter which country you choose, contact the hotels on your shortlist to find out what medical services are available. Make sure there is yummy food Before you book a stay, glance over the menus of nearby restaurants to make sure the chow sounds yummy, or at least isn’t filled with foods you can’t bear right now. If spicy stuff isn’t your friend these days, you’ll want options other than the local taqueria on your southwestern sojourn So, in the mood for traveling? Do keep the above points in mind to have a safe, fun and healthy journey. Happy pregnancy! Content Source

1 Saves