Health Plans for Young Adults
You know your kids have a lot on their minds. They may need to finish school and look for their first real job.
One thing that might not be on their radar yet is getting health insurance. But it's a big deal. Especially when you consider that the average emergency room visit can cost more than $1,200.
If your health plan offers coverage for dependents, your child can stay on your plan even if he or she moves out of the house or gets married.
Under the new law, if your child gets a job with health benefits, he or she will have a choice to make. Your child will be able to either sign up for the plan that's offered through the job or stay on your plan.
Certain plans, called "grandfathered" plans, do not have to extend enrollment to adult children. Grandfathered plans are those that existed before March 23, 2010 -- the day the health reform bill became law and that have not substantially changed since then..
Under the new law, your child who is age 19 to 26 will also have access to free preventive services, such as:
- Blood pressure and cholesterol checks
- Well-child visits (up to age 21)
- Cancer screenings
- Pregnancy care
- Quit-smoking, diet, or weight loss help
How to Choose a Plan
If your 19- to 26-year-old is trying to decide which insurance plan to go with -- yours or one offered by your child's job -- take a close look at the type of plan being offered. If your child chooses to stay on your employer plan, he or she will be enrolled in the same plan you have.