Young adults. Traditionally, buying individual health insurance has been low on the priority list for this demographic. Rarely seeking medical attention, many young adults who are not offered coverage from their employer and are too old to be covered on their parents’ plan simply do not have it. There has been much debate about whether this overall healthy and self-described invincible group of younger, uninsured consumers will buy in to
Define “Adequate” and “Affordable” Insurance
Individuals whose employer does not offer adequate and affordable employer-sponsored group coverage will be able to purchase individual health insurance in the exchange. What exactly is adequate and affordable insurance? Adequate Coverage The employer-sponsored plan must cover at least 60% of a person’s medical costs on average Affordable Coverage Insurance premiums can be no more than 9.5% of an employee’s household income Not sure if the health plan offered through
