Congratulations on your new baby, August parents! Don’t forget insurance …

group of babies needing insurance
Have you just had a new baby or are you expecting one soon? If so, you are part of a demographic trend. More babies are born in August than in any other month, according to the National Center for Health Statistics. September is the second-highest month, and while Tuesday has traditionally been the highest day of the week for births, Wednesday has been edging it out in recent years. See more interesting facts on birth and motherhood at the US Census Mother’s Day press release. The government keeps track of a lot of interesting data related to births. You can find out the most popular baby names by year on the Social Security website – or view the cute video version of top baby names. You can even find the most popular names by region.
Now check your insurance!
The National Association of Insurance Commissioners (NAIC) suggests steps that new parents should take to protect their growing family by checking insurance coverage. Anytime you experience a major life event – such as a marriage, a birth, a death, a new home – it’s important to remember to review your insurance policies. With a new baby, health insurance and life insurance are both coverages that should be reviewed to ensure that you are adequately protected. NAIC suggests there may also be auto and homeowners insurance considerations.
The Social Security office also reminds parents to register your child for a Social Security number, which you need to claim your child as a dependent on your income tax return, and may be necessary for medical coverage, setting up financial accounts, or eligibility for government-sponsored services.