Yes*. Just because you are eligible for coverage through your employer does not mean you cannot stay on your parent’s health insurance plan — that is, of course, if you are age 26 or younger. If your parent’s plan seems like a better fit for your family’s budget, lifestyle, or health care needs, staying on your parent’s plan may be the best option for you! *Note, the only exception would
Who Wins under the Affordable Care Act?
Are There Any Winners Under the Affordable Care Act (ACA)? The short answer is YES. Many Americans — millions in fact — will be better off because of the new law. Let’s look at it strictly by the numbers. The population of the United States is approximately 300 million. Here is a breakdown of the health insurance status for Americans today: Some points to consider regarding Americans who currently have
Why Should I Buy Health Insurance if I am Young and Healthy?
Why should the young and healthy have health insurance? The glitches and delays experienced with the October 1 roll-out of the online health care exchanges have left many wondering if young, healthy Americans will give up and simply not enroll in a health insurance plan by January 1, 2014. However, the Affordable Care Act (ACA) — aka Obamacare — makes having health insurance mandatory for most Americans beginning on January
Should Young Adults Stay on Their Parents’ Health Insurance?
One of the earliest-implemented provisions of the Affordable Care Act (ACA) was the requirement that parents be allowed to keep their adult children on their health insurance until age 26. As a result, many families did just that. Even when the adult child was offered coverage through his or her employer, it often made sense for many reasons for the “child” to stay on the parents’ plan. With the next
Will Young Adults Purchase Health Insurance?
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
