Wednesday, May 12, 2010

Health insurance for the under-26 crowd

The federal government unveiled details this week about how people up to age 26 can get covered by their parents' health insurance policies, as part of the health care reform law.

Consumers now have details about how one of the law's most-buzzed about provisions will actually work -- and how much it will cost them.

Expanding health coverage to twentysomethings is welcome relief for an age group that accounts for the majority of uninsured Americans.

Roughly 30% of young adults up to age 26 have no health insurance at all. That's three times the rate of uninsured children, according to the Department of Health and Human Services.

HHS estimates that about 1.2 million young adults will elect to stay on a parent's health plan in 2011 as a result of the reform.


Source and More:
http://money.cnn.com/2010/05/12/news/economy/health_care_dependents/

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