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Family Health Insurance Rates Rise With Adult Children

Image: justinknabb under CC 3.0

The recent healthcare reform law allows parents to keep adult children on their family health insurance until the age of 27. How many families will take advantage?

It may be fewer than you think. That’s because premiums will most likely rise if an extra person is added to the policy, especially if the young adult has a pre-existing condition. None other than the federal government admits that this will probably happen until 2014, when similar health rating is banned. Unfortunately, adult children with pre-existing conditions are the ones most likely to need a parent’s coverage, because finding affordable health insurance on the open market is extremely difficult for them.

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