This is what we are, parents. The whole idea of our parenting is to protect our children. At one time when our children became a certain age they were removed from our insurance policies due to ineligibility. But not any longer! With “Healthcare reform” nearly 6.6 million young adults will be able to stay on their parents’ plan until age 26. They do not have to be students as what was required before but, they have to live in their parents home. This provision is perhaps the single most popular element of the Affordable Care Act, the nations most sweeping healthcare legislation in nearly 50 years!
The results compared to a U.S. Government survey that last year found that 21.6 million young adults had private health insurance – either through their parents, their jobs or other means – which was 2.5 million higher than before the law was passed.
But the Commonwealth Fund also found 36 percent of young adults between the ages of 19-39, a slightly bigger group, had trouble paying medical bills or said they were paying off medical debt. And among those without insurance, this group rose to 51 percent! Young adults also have the highest rate of injury related visits to the emergency room, even above young children and the elderly.
Your health insurance agent is waiting for you to call them and ask them if your child qualifies to remain on your health insurance plan. There is no reason that your child as a young adult should worry about getting into medical debt when it is a problem that is easily solved by you making sure that you understand the plan that you have and if you do not…call your insurance agent and get some answers.
Like good old Dad, we are here to protect you!