There are many factors to consider when deciding whether to stay on parents health insurance or get a new plan. Some of these considerations include the kind of coverage and budget you're looking for as well how the plan will fit your needs.
I am 26 years old. Can I still stay on 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. It is important to note that young adults with low incomes may qualify for premium subsidies in the exchange or premium-free coverage through Medicaid.
However, if your parents' employer offers a plan that is grandfathered and does not require you to be covered under the parent's coverage, you cannot remain on the policy after age 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?
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. This is particularly important if your family includes children.
Can I continue to be covered by my parents' insurance even if my spouse has health coverage through his or her employer
You may be able, depending on the employer of your spouse, to remain on your parents' insurance plan after your marriage if your parents have a group or individual insurance policy that covers dependents. It is important to do this during open enrollment in most states, or if a qualifying event occurs.
Can I stay on my parents' insurance if I move?
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.
How long can I remain on my parent's dental and vision insurance?
The vast majority of group health plans offer dependent coverage, including dental and vision. You can continue to be covered by your parent's dental and vision plan if you are a dependent adult child, a student, financially dependent or resides with them.
Do I have to pay for my own prescription drugs and dental care?
If your parents are still providing prescription drug coverage and dental insurance to a child or dependent you can continue the same plan when you reach 26. This is useful if you are moving to a new area where the prescriptions or dental plans offered by your parents may be expensive or hard-to-find.
How long can I continue to receive my parents' Medicare dental and vision benefits?
Your parents can continue to receive Medicare and other benefits if they are retired or disabled for as long their condition lasts. This is called Temporary Continuation of Coverage, or TCC. If you are a government employee, you have 60 days from the time your spouse turns 26 to notify your Benefits Contact and apply for TCC.