Many factors must be considered when deciding if you want to continue on your parents' insurance or switch to a new policy. Some of these factors include the type of coverage that you want, your budget, and how well the plan fits your needs.
What happens if I'm 26 and still covered by my parents insurance?
If your parents have a group or individual policy that covers dependents, you can stay on their health insurance plan until the age of 26. This is especially important for young adults with relatively low incomes who may be eligible for a premium subsidy in the exchange, or for premium-free coverage 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. If your parents' employer offers a plan that requires you to be covered under theirs, you should contact them to see what your options are.
How long can I remain on my parents' health insurance policy if I am married?
If you're married, you may be able to stay on your parent's health insurance coverage until you turn 27, if it is a group plan that covers dependents or an individual plan. It is important to keep in mind this if you are a parent.
Can I continue to be covered by my parents' insurance even if my spouse has health coverage through his or her employer
Depending on whether your spouse is employed by a company that provides dependent coverage or an individual plan, you may be able stay on your parent's health insurance after marriage. This is especially important during the open enrollment period in most states or if you experience a qualifying event.
What happens if I move and want to stay on my parent's insurance?
You might consider buying your own health coverage if your parents reside in a different location than you. You can either purchase an individual policy from the federal or state exchange or through your state's market.
What if I want to continue my parents' vision and dental coverage?
The vast majority of group health plans offer dependent coverage, including dental and vision. It means you can remain on your parents' vision and dental plans as long as you have a child over the age of 18 who is either financially dependent, enrolled in school or lives with you.
Do I have to pay for my own prescription drugs and dental care?
If you are still 26 and have a dependent, or a student who is covered under your parents' dental and prescription coverage, then you can keep that plan. 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 keep my parents Medicare, dental and Vision coverage?
As long as your parents' condition continues, they will continue to be covered by Medicare, dental, and vision insurance. TCC stands for Temporary Continued Coverage. If you're a government worker, you have up to 60 days after your spouse's 26th birthday to contact your Benefits Coordinator and apply for TCC.