As our children grow into adulthood, reach independence and move out of the family home, our priorities inevitably change.

“Empty nesters” is an informal term describing parents whose children have grown up and left home, leaving the parents - or parent - alone in their “empty nest” or erstwhile family home without the screaming children.

When we are no longer financially responsible for our children’s healthcare, it is an important time to focus on our own needs and reassess many aspects of life - such our health insurance.

This is vital, not just to cover your own needs as this chapter of life begins, but also to make sure we are not paying for insurance that is no longer relevant to your situation.

Retirement, and plans for retirement are also a major consideration of empty nesters.

The pressures of rising health costs are a particular burden for retirees, so the concept of reassessing your health insurance as an “empty nester” is particularly vital. Having fulfilled the initial responsibilities of parenting and raising a family, these parents of adult offspring enter a new phase of their lives, often embracing different lifestyles, priorities and ambitions to when they had dependents living under their roof.

It is important to take advantage of this change in circumstances to focus more on ourselves.

It is a crucial time to examine our individual needs, hopes and aspirations for the future, as they relate to life as a parent of adult children, and, possibly a grandparent, or even great-grandparent.

This is a time we all want to enjoy in the best of health, the strongest possible financial situation and for as long as we can.

We can focus once again on our own individual health and financial needs, rather than those of a growing family.

Many considerations need to be made, such as insurance coverage for hospital care, and the most cost-effective plans available for our individual circumstances.

Planning a future to make the most of the freedom that comes from our adult children becoming independent is a big priority for a lot of ‘empty nesters’, as well as planning for their retirement and the potential health challenges that may arise as we grow older.

As we age, it is increasingly important to look after our changing healthcare requirements by ensuring that our insurance policies reflect our health needs.

This is especially important for retirees, as a serious illness or injury can have a severe impact on our finances if we are not adequately and appropriately insured.

To make the most of this period of life, and for the sake of maintaining good health and finances, it is important to seek out a health insurance plan that is tailored to suit your needs, and meet the needs that may arise in the future.

As we grow older, our health needs typically change, as the chance of requiring costly medical care increases, the price of comprehensive health insurance may also.

It is an important time to explore your options.

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