At age 26, adults are no longer eligible to be on their parents' health insurance.
At age 26, adults are no longer eligible to be on their parents’ health insurance. This week, Excellus BlueCross BlueShield announced efforts that encourage those young adults to make sure they continue with coverage.
“Young adults will likely weigh the pros and cons of obtaining health coverage and decide whether to go without coverage or purchase insurance to protect themselves from unexpected medical bills,” stated Dr. Jamie Kerr, vice president, chief medical officer for utilization management, Excellus BCBS.
“Starting in 2014, almost everyone will be required to have health coverage. Individuals could obtain coverage through an employer, government program or college plan, for example, or through the New York health benefit exchange, ‘NY State of Health.’ Adults who forgo coverage will face paying a penalty,” Kerr stated.
“Young adults may be eligible for financial help when purchasing coverage,” the insurer stated. “ In 2014, a young New Yorker with an average income of about $32,000 would qualify in upstate New York for about $400 to $2,500 annually in tax credits.”
For information on health costs and insurance options, go to excellusbcbs.com/factsheets to view a printable PDF of an infographic, or go to brand.excellusbcbs.com/infographics/turning26.php to view a mobile-friendly version.
For more information, go to excellusbcbs.com/turning26.