A New Parent
How do I teach my child to be financially wise?
New parents often wonder how to best prepare their children for the future. Teaching them good money habits is key. Start by showing them how to make smart financial choices in everyday life.
New Parent Tax Breaks
As a new parent, you might get more tax benefits because you have a new dependent. Learn more here.
Health Insurance for Your Baby (BYU Students)
The BYU Student Health Center recommends that one parent (usually the mother) join the BYU Student Health Plan and choose the family option to cover their baby. This is because:
- Your parents' insurance likely will not cover the baby.
- The BYU Student Health Center has years of experience with maternity care.
- Many affordable student plans have limited coverage.
- The BYU Student Health Plan offers low co-pays and no deductibles.
- While it might not meet all of the Affordable Care Act (ACA) rules, low-income students might avoid penalties by using it. Learn about the ACA exemptions here and income limits here.
NOTE: This is general advice. Every family's situation is different so consult with a financial expert or contact us if you have more questions.
Consider Life Insurance Now
Protect your family's financial future by getting life insurance early. Learn more about life insurance policies and benefits here.
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