Family phone/insurance/health plans

[Anonymous]

Anonymous wrote:

Anonymous wrote:Kids are not old enough yet, but this is what my parents did for me.

Health Insurance: Kept on until I started my first full time job in August after I graduated. Then I was on my own since my job offered health insurance.

Insurance: Assuming you mean car here. I lived in DC after college and did not have a car.

Phone: I have a brother who is a year younger than me. So when he graduated college our Dad told us we had to call up Verizon and get our own plan. So this was a year after I graduated.


My Dad is very much the support through college formally and then you are on your own. I grew up in an UMC family, but he wanted us to cut the cord. This doesn't mean there has not been help along the way. When I moved into my first 1 bedroom apartment living alone and needed to furnish it my Mom came with me and paid 2-3k to get me everything I needed. Or if I visit my parents they are paying when we go out to dinner or do activities. They just really wanted my siblings and I to be self sufficient once we graduated.

I am happy with the way ti turned out. I think it is weird when you see married 35 year olds on their parents phone plan. I have absolutely 0 financial ties to my parents right now.

So you're NOT a parent of Adult Children? Wrong forum.

Your perspectives are outdated!

Just stop with trying to police who can post.

[Anonymous]

Slowly wean as financially possible for the kid.

[Anonymous]

I'm a 30 woman and here is what my parents did...

car - stayed on their insurance until the car was put into my name then got my own plan, but I always paid my own insurance even when on their plan

health - stayed on theirs until 26 bc I have younger siblings so they had to have a family plan anyway.

phone - still on their plan and my DH is still on his parents. We offer to pay our portions, but they always decline. I'm assuming this will continue indefinitely and eventually we'll just take over paying the full bill.

[Anonymous]

Anonymous wrote:When you kid finishes college and starts earning, do you take them off of your phone, car insurance and health insurance plans or keep paying until you can?

Definitely take them off the phone.

Keep them on your car insurance and health care until completely ready but have them pay for it. It will be cheaper for them for sure and it would be extra savings for you. I believe the family age limit is 26 for health insurance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Kids are not old enough yet, but this is what my parents did for me.

Health Insurance: Kept on until I started my first full time job in August after I graduated. Then I was on my own since my job offered health insurance.

Insurance: Assuming you mean car here. I lived in DC after college and did not have a car.

Phone: I have a brother who is a year younger than me. So when he graduated college our Dad told us we had to call up Verizon and get our own plan. So this was a year after I graduated.


My Dad is very much the support through college formally and then you are on your own. I grew up in an UMC family, but he wanted us to cut the cord. This doesn't mean there has not been help along the way. When I moved into my first 1 bedroom apartment living alone and needed to furnish it my Mom came with me and paid 2-3k to get me everything I needed. Or if I visit my parents they are paying when we go out to dinner or do activities. They just really wanted my siblings and I to be self sufficient once we graduated.

I am happy with the way ti turned out. I think it is weird when you see married 35 year olds on their parents phone plan. I have absolutely 0 financial ties to my parents right now.

So you're NOT a parent of Adult Children? Wrong forum.

Your perspectives are outdated!

Just stop with trying to police who can post.

NP. The wrist slap was appropriate. This is one area were someone's experience a generation ago is irrelevant, especially pertaining to health insurance. Posts like that PP actually do a disservice to others.

[Anonymous]

I stayed on my parents car insurance and health insurance plan till I had my first real job after grad school. I switched to my employer provided health care and got my own car insurance policy in the new state I moved to. When I was a student I still used my parent's address as my permanent address.

Cell phones are a different story. I'm in my mid-40s and still in a family cell phone plan with my parents. Just added my DD to our plan so now we're 3 generations on one plan.

[Anonymous]

When my kid bought their own car and titled it at their own address, they got their own insurance. It was actually cheaper for them to shop around and get coverage from a different carrier, and was also a good time to cut the cord.

Health insurance with our adult kids is a different story. Since I still carry family coverage due to a college student, it doesn't cost any more to also insure my other adult children, so my coverage is better and cheaper than anything they could get through their own employers.

Phone plans are just a matter of convenience. I'm not sure we're saving any money, but we still have all the phones on our plan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Kids are not old enough yet, but this is what my parents did for me.

Health Insurance: Kept on until I started my first full time job in August after I graduated. Then I was on my own since my job offered health insurance.

Insurance: Assuming you mean car here. I lived in DC after college and did not have a car.

Phone: I have a brother who is a year younger than me. So when he graduated college our Dad told us we had to call up Verizon and get our own plan. So this was a year after I graduated.


My Dad is very much the support through college formally and then you are on your own. I grew up in an UMC family, but he wanted us to cut the cord. This doesn't mean there has not been help along the way. When I moved into my first 1 bedroom apartment living alone and needed to furnish it my Mom came with me and paid 2-3k to get me everything I needed. Or if I visit my parents they are paying when we go out to dinner or do activities. They just really wanted my siblings and I to be self sufficient once we graduated.

I am happy with the way ti turned out. I think it is weird when you see married 35 year olds on their parents phone plan. I have absolutely 0 financial ties to my parents right now.

So you're NOT a parent of Adult Children? Wrong forum.

Your perspectives are outdated!

Just stop with trying to police who can post.

NP. The wrist slap was appropriate. This is one area were someone's experience a generation ago is irrelevant, especially pertaining to health insurance. Posts like that PP actually do a disservice to others.

1+

Agree. It sounds like when people say, when I was your age...

I'm interested in hearing what other parents are currently doing, not what your mother did/didn't do for you. LOL.

[Anonymous]

If your child does not live at home, I thought they needed there own car insurance policy?

[Anonymous]

Anonymous wrote:If your child does not live at home, I thought they needed there own car insurance policy?

I'm guessing Mommy and Daddy bought the car in their own name and are probably paying the rent on the apartment too. They probably have the car registered at the home address and just added the car to their policy without telling the insurance company that it is garaged elsewhere. You are right that if an adult buys a car and lives at a different address, they wouldn't normally be insuring it on Mommy and Daddy's policy. The gray area is if the adult child is living at home and the vehicle is actually part of the household.

[Anonymous]

My kid moved to a city where keeping a car is exorbitant. We maintain it and use it as a back up so we pay the insurance.
If he ever wants it back, we'll re-title and he would pay.

The whole family is on our phone plan and we like it like that to share pics. I imagine that someday he'll just take it over. The "kid" is responsible and generous. I'm not worried about life lessons. He does buy his own phones.

Health insurance is through the employer and better than mine.

We're a practical family. That works for us.

[Anonymous]

Anonymous wrote:When your kid finishes college and starts earning, do you take them off of your phone, car insurance and health insurance plans or keep paying until you can?

1) phone - still on family plan - we told them that at some point one of them will have to carry us.
2) car insurance- we transferred car ownership once they were gainfully employed. That came with them getting their own car insurance.
3) Health insurance- eldest stayed on to 26 as it was free for us as we still had family plan. With youngest, it will be when they are gainfully employed as there is a $400 per month delta between family and two people coverage for our health insurance.

[Anonymous]

Keep on plan, but charge them increasing price, to motivate them to find a better deal.

When they disconnect, option tonight then the money they paid you.

[Anonymous]

We plan to continue to pay for DD’s phone when she graduates next spring because her portion of the bill is only $30 and she isn’t going to find an individual plan for that price.

She will remain on our health insurance as long as she is able (or wants to). We have great health insurance that an employer is unlikely to match. I see us paying her medical bills for a year while she gets on her feet. She has a lot of medical expenses. I’d like to see her takeover her prescription costs at minimum but it depends on her income. She needs her medication.

Once she graduates we expect her to purchase her own car and pay for her own insurance. We might give her some money towards a down payment but it won’t be much.

[Anonymous]

Our who just graduated and has a job as a public school teacher starting in August:
She will now pay for her own car insurance, gas, maitenance

She will pay her own credit card bills, rent, entertainment, and mani/pedi (I am betting she cuts that luxury)

I'll just keep her on my family phone plan because why not. I also have her on my EZ pass. These are things that in my mind are more trouble than it's worth to remove them for now. She will also stay on my spouse health insurance until she is situated.

When she visits she will probably want to go shopping and I'll take her to Old navy and pay, happily.