Posts Tagged - ‘adult children’

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Adult Stepchildren Can Be Covered By Family Health Insurance

Thursday, June 24th, 2010

As a result of the healthcare reform law, people will soon be able to cover their adult children under their family health insurance policies.

In an era of blended families, it is of serious concern that the same benefits are extended to stepchildren. Fortunately, that is the case. The stepchild of any half of a married couple will indeed be eligible for coverage under their stepparent’s plan until the age of 27. (The same is true for adopted children.)

Under healthcare reform, the same limitations for biological children apply to stepkids. Namely, that they can’t partake in it if they are offered acceptable health coverage by their employer.

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Adult Children On Health Insurance Plans? Not So Fast

Tuesday, June 1st, 2010

Image: gcoldironjr2003 under CC 3.0

Although Secretary of Health and Human Services Kathleen Sebelius has asked health insurance companies to extend coverage to adult children until the age of 26–who would otherwise age out of their parents’ plans or become ineligible upon college graduation–immediately, they aren’t legally mandated to do so until the first plan year beginning after September 23rd.

Actually, most health insurers have agreed to do so. It’s the employers who are holding out until the last minute. Most corporate health insurance plans don’t renew until January 1st. That leaves newly minted university graduates in the lurch for several months.

Even those companies who are willing to retain existing coverage won’t let young adults whose coverage previously lapsed re-enroll until next year.

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Family Health Insurance Rates Rise With Adult Children

Tuesday, May 11th, 2010

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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Even Married Adult Children Can Use Parent’s Health Insurance!

Monday, April 26th, 2010

Image: Ian Sane under CC 3.0

One of the immediate benefits of healthcare reform is that adult children can extend their coverage on a parent’s health insurance plan as a dependent for a longer period of time–until age 26.

In most cases, that is no longer necessary once they get married; the otherwise uninsured young adult would get on their spouse’s coverage. However, the recession has put a wrinkle in that plan: their new husband or wife may be in similar circumstances. Whether he or she is unemployed, underemployed, or working for a company that does not offer health benefits, they may be unable to afford family health insurance at the moment. They may even have a pre-existing condition that prevents them from finding coverage altogether.

You can thank the package of reconciliation fixes for including this exception; the initial Senate bill that passed didn’t. In addition, you can’t stay on a parent’s plan if your employer begins offering health insurance coverage.

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