Courtesy MLHS “Factually Speaking” Blog, by Jan Hudson
Last month, we celebrated Mother’s Day gifts from the Affordable Care Act (ACA). This month we celebrate graduation gifts from the ACA.
Effective Sept. 23, 2010, employer-sponsored insurance plans that offer dependent coverage were required (beginning with their new plan years) to extend that coverage to young adults up to age 26 on their parents’ plans. Young adults no longer have to be students, IRS-defined dependents, or even living with their parents to qualify. This provision of the law allows young adults to maintain critical health care benefits while they establish themselves in a job or career.
This is great news for young adults graduating from high school and not going to college who might not otherwise have access to health care coverage. This is also great news for college graduates who have not yet landed that first job, or have a waiting period before they are eligible to participate in their new employers’ health care coverage, or found jobs that do not include health care benefits. These young adults can remain (or re-enroll) on their parents’ employer plans until they reach age 26.
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