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New law. Kids on insurance until 26. What are the details?
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<blockquote data-quote="2Young2Retire" data-source="post: 765643" data-attributes="member: 30323"><p>It's interesting to see this coming up. I am the parent of a child that is currently going to school part time because he is less than x amount of credits. UPS requires verification every year of the eligibility of dependent children in order to remain on their parents' policy. There is a huge insurance gap for young adults that are older than 18, but no longer covered under any health care programs. It was mentioned in this post that in general, this age group has few claims in comparison to older age groups, but when they do require medical care it's generally for catastrophic or at the very least expensive care that they can ill afford (no pun intended). </p><p></p><p>Interestingly enough, prior to the Obama administrations "health care reform" friend(sic), again, no pun intended, I think it was Pennsylvania's governor that signed into law in July 2009 a bill that became effective Jan. 1, 2010, requiring young adults to remain covered under their parent's health care with very few restrictions. However, the lobbyists managed to throw in one important exemption - employers that are self funded, such as UPS, are exempt. This is ironic to me, as these health care costs are likely neglicble to a large company like UPS, and generally the only companies that are self funded for insurance are the huge companies that can absorb costs like these much easier than small companies paying someone else to underwrite their insurance policies.</p></blockquote><p></p>
[QUOTE="2Young2Retire, post: 765643, member: 30323"] It's interesting to see this coming up. I am the parent of a child that is currently going to school part time because he is less than x amount of credits. UPS requires verification every year of the eligibility of dependent children in order to remain on their parents' policy. There is a huge insurance gap for young adults that are older than 18, but no longer covered under any health care programs. It was mentioned in this post that in general, this age group has few claims in comparison to older age groups, but when they do require medical care it's generally for catastrophic or at the very least expensive care that they can ill afford (no pun intended). Interestingly enough, prior to the Obama administrations "health care reform" friend(sic), again, no pun intended, I think it was Pennsylvania's governor that signed into law in July 2009 a bill that became effective Jan. 1, 2010, requiring young adults to remain covered under their parent's health care with very few restrictions. However, the lobbyists managed to throw in one important exemption - employers that are self funded, such as UPS, are exempt. This is ironic to me, as these health care costs are likely neglicble to a large company like UPS, and generally the only companies that are self funded for insurance are the huge companies that can absorb costs like these much easier than small companies paying someone else to underwrite their insurance policies. [/QUOTE]
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New law. Kids on insurance until 26. What are the details?
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