When deciding to remain on your parents' health insurance plan or to get a new one, there are many things to consider. Some of these include the type and amount of coverage you desire, your budget, as well as how well your plan meets your needs.
After 26, can i still be covered by my parents health insurance?
You can remain covered under your parent's health insurance up until age 26 if their plan is an individual or group policy which offers coverage for dependents. This is particularly important for young adults who have relatively low incomes and may be eligible for a subsidy on the exchange or for coverage that does not require a monthly premium via Medicaid.
If your parents' company offers a grandfathered plan, which does not require that you be covered by the parent's policy, you are no longer eligible to remain on it after the age of 26. Contact them to discuss your options if you're required to cover under your parent’s plan.
What if I get married and want to stay on my parents insurance?
You can continue to be covered by your parents health insurance until the age of 27 if their plan is an individual or group policy that includes dependent coverage. This is particularly important if your family includes children.
Can I stay covered under my parents' health plan if both my spouse and I are covered by our employer?
Depending on your spouse's employer, you might be able to stay on your parents' health insurance after you marry if they have an individual plan or group insurance that offers dependent coverage. This is crucial during open enrollment or when you are experiencing a qualifying situation.
Can I stay on my parents' insurance if I move?
If your parents live in a different state from where you do, it might be a good idea to purchase your own health insurance. You can purchase a plan through the state marketplace, or shop for a private or federal exchange.
Can I keep my parents dental and Vision coverage?
The vast majority of group health plans offer dependent coverage, including dental and vision. If you have a dependent child or adult who is financially or academically dependent, you can still stay on the dental and vision insurance of your parents.
Can I stay on my parents' prescription drug and dental coverage?
If you have a student or dependent who is still covered by your parents' prescription drug and dental coverage, you can keep the same plan even after you turn 26. This is particularly useful if your parent's dental and prescription drug plans are expensive in your new region or hard to locate.
Can I stay on my parents' Medicare, dental and vision coverage?
If your parents are retired or disabled, they can continue to receive Medicare, dental and vision coverage for as long as their condition lasts. TCC stands for Temporary Continued Coverage. If you work for the government, you will have 60 calendar days to contact your Benefits Representative and request TCC.