Affordable Care Act: Young Adults Covered Under Parents’ Health Insurance [STUDY]

Posted on Jul 18th 2013 by Florida Blue

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A new study from Indiana University revealed that more than 930,000 young adults now are covered under their parents’ health insurance plans due to a provision of the health care reform law that extended young-adult coverage. Starting on March 23, 2010, the Affordable Care Act (ACA) required that insurers give parents the option of keeping their adult children covered until they are 26 years old. It became effective for the health policy at the beginning of the plan year. As to which young adults are signing up for insurance, the researchers noted that young adult men are twice as likely as young adult females to be covered with a parent's plan. Additionally, minority young adults are less likely to gain health insurance coverage through their parents’ plans, since minority parents have a lower rate of signing up for employer-sponsored health coverage, according to the study. Interestingly, the Indiana researchers speculated that the dependent-coverage mandate of the ACA could have significant social implications. They theorized that young adults could be less independent, and that the ability to gain coverage under their parents’ plans could change the way young adults relate to their parents. On the other hand, researchers also wondered if young people might become more independent, as not having to find a job solely for the benefits would allow them to seek a wide variety of career choices as they contemplate their permanent entry into the workforce. The Indiana University's website states that the "study provides the first detailed and highly rigorous analysis of the dependent-care provision of the Affordable Care Act, examining not only its overall effect on coverage but policy-related questions about the effect of the law on other sources of coverage and whether different populations were affected in different ways." For more information, visit our Health Care Reform site! If you still have confusion, there’s not need to worry as Florida Blue has places you can go to get your questions answered. Call us at 1-800-633-6808 or call your local agent. You can also visit a Florida Blue Center or go online at FloridaBlue.com. This information is for illustrative purposes only and is being provided to help increase understanding of the impacts of some of the provisions of the Affordable Care Act (ACA). It does not attempt to cover all of the law’s provisions and is not intended as tax or legal advice.

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