Health Insurance for Young Adults: FAQ
If you're a young person in your late teens or early 20s who is a student, looking for a job, or working, you have options for health insurance you may not know about.
I've heard I can stay on my parents' health insurance plan. Is that true?
Yes. The law now allows you to stay on your parents' health plan up to age 26.
What if I'm in school or already married? Will my parents' health insurance still cover me?
Yes. You can remain on your parents' health insurance plan until age 26, even if you're a student or married.
Adding you to your parents' policy could increase what they have to pay each month for a premium. Family coverage costs more than individual coverage or for an individual plus a spouse.
Do I have to be living with my parents to be on their health insurance?
No. You don't need to live with your parents or even in the same state to be covered by your parents' insurance policy.
You can be on their insurance plan until you turn 26, even if you're working and are not financially dependent upon your parents.
If I have to enroll in a health plan in my state's Marketplace, what are the most affordable plans?
If you buy a plan through your state's Marketplace, you'll have a choice of health plans at different levels of coverage, all at different costs.
Here are some health plans that will likely appeal to young adults because of their lower monthly payments:
- Catastrophic plans cover preventive care and at least three primary care visits a year, even if you have not yet paid all the deductible. The deductible for these plans can be as high as nearly $6,400 for one adult and $13,200 for a family.
- Bronze plan: You pay 40% of the cost of care, on average, and the plan pays 60%.
- Sliver plan: You pay 30% of the cost of care on average, and the plan pays 70%.
On your state's Marketplace, you may be eligible for financial aid depending on how much money your family makes in a year and the size of your family. One type of aid is a tax credit, which lowers how much you have to pay each month for your insurance premium. Another type of aid is a cost-sharing subsidy, which saves you money when you get health care by lowering the deductibles and copays or coinsurance. These are only available on silver plans.