Personal Finance 101 - Kid Healthcare costs in US
Estimated Health Costs for a Child:
1. Routine Pediatric Visits
• Frequency: 1st year 6 visits at $100 each (decrease every year)
• Total: $600
2. Vaccinations
• One-Time Cost: Includes various vaccinations (e.g., hepatitis, DTaP, MMR, varicella)
• Total: $300
3. Unexpected Illness/Injury
• Average Cost: Could include visits to urgent care or the emergency room
• Total: $1,500
4. Other Costs
• Medications: Prescriptions for common ailments (e.g., antibiotics, allergy medication)
• Total: $200
5. Minor Procedures
• Examples: Minor surgeries (e.g., removing warts), stitches for cuts
• Total: $400
6. Specialist Visits
• Frequency: 2 visits to specialists (e.g., allergist, dermatologist) at $150 each
• Total: $300
7. Diagnostic Tests
• Examples: Blood tests, X-rays, or other imaging studies
• Total: $500
8. Dental Visits
• Frequency: 1 dental checkup and cleaning (recommended for young children) at $150
• Total: $150
9. Vision Check-Up
• Frequency: 1 eye exam, including possible glasses if needed
• Total: $200
10. Emergency Room Visits
• Frequency: Potentially 1 visit due to severe illness or injury
• Total: $1,000 (can vary significantly)
11. Preventive Care (Well-Child Visits)
• Frequency: Typically included in the routine visits, but extra consultations may occur.
• Total: $150 (for additional consultations, if any)
12. Hospitalization
• Potential Costs: In case of severe illness, such as pneumonia or other conditions requiring hospitalization.
• Total: $2,500 (estimated average, could be higher or lower)