Ensuring Your Child’s Safety and Financial Security PREPARING FOR COLLEGE
So, what steps can you take to support your child during a medical or financial crisis? Having a healthcare proxy and durable power of attorney (POA) for your student is vital. These documents allow you to communicate with schools and hospitals, manage prescription and health insurance bills, and handle financial aid discussions. With the rise of identity theft and fraud, institutions are tightening their security to protect individual privacy, making these legal preparations more important than ever. We don’t specialize in this area at Spada Law Group, but we can connect you with top-notch attorneys who can address your concerns and assist with your needs. Contact us today, and we’ll guide you to the right resources. This topic may seem repetitive, but ensuring you have these documents in place is essential for your peace of mind and your child’s well-being.
This time of year, many young adults are gearing up for a new college semester. For parents of college-aged students, it’s important to consider what actions to take in case of a medical emergency. Are you confident you could assist your child if they needed your help? Once your child turns 18, they are legally considered an adult, and without the necessary legal documents, you will not be privy to their health information. As our children transition into adulthood, our access to their medical and financial records ceases. Contacting their doctor or a hospital, even for minor issues like a cold or a minor injury, becomes problematic. Medical providers are bound by HIPAA privacy laws and cannot legally share information without explicit authorization. The same restriction applies to financial institutions. While they aren’t bound by HIPAA, banks and lenders will not discuss your child’s financial matters once they reach adulthood. This means you may not access their financial status even if you are financing their education. Yes, I’m being a nag! You saw this information during last year’s back-to-school season, and you’ll see it again next year, too. Protecting your children’s physical and financial safety is crucial. Take the necessary precautions! –Len
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