Young adults have more health insurance coverage options today than they ever did before. At one point, young adults that graduated from college and were thrust out into the real world found that they could no longer be covered as a dependent under their parents’ health plan. Not only has this changed with the Affordable Care Act, but young adults have plenty of other options as well.
Under the Affordable Care Act, young adults can remain under their parents’ healthcare plan until their 26th birthday. This is incredibly helpful, as many young adults simply can’t afford healthcare once they graduate college due to the fact that it often takes a while to find a stable job and because they are busy paying off student loans. However, remaining under their parents’ healthcare plan isn’t their only option.
If you find full time employment, then more often than not your employer will offer subsidized health insurance benefits that could cost less than your parents’ coverage as well as boat more comprehensive benefits as well as coverage.
As a healthy young adult, you may even be able to purchase an individual policy for less than the add on to your parents’ health plan costs. You can also consider a HDHP plan, which costs less on a monthly basis but comes with higher deductibles. These type of policies are meant to provide coverage for major medical expenses.
Find out more about your healthcare coverage and insurance options for young adults by contacting us at CCW Insurance or calling us at 732-280-2800 today!