Health Insurance Options For Young Adults – Paying rent on your own, paying off your first car, doing taxes—sometimes the “real world” isn’t as exciting or easy as you thought it would be. This is evidenced by an eHealth survey that found that what young adults think is a fair price for health insurance is a fraction of what it actually costs. Health insurance is another new responsibility for young adults to navigate, and many may feel lost in the process.
Fortunately, eHealth makes getting health insurance easier for young adults exploring the process for the first time.
Health Insurance Options For Young Adults
It’s important to note that there are different health insurance options available depending on your age. Young adults under 26 can be covered by a parent’s insurance plan, but those over 26 cannot use a parents and must find another.
Can I Keep My Health Care Plan Under Obamacare?
Under the Affordable Care Act (ACA), also known as Obamacare, young adults can stay on their family’s health insurance plan until age 26. While this can make health insurance more affordable in many cases, there are some cases where staying on your parents’ insurance plan might not be the best choice for you – even if you’re still under 26 and you are eligible to be covered by it.
Adult children are no longer eligible to stay on their parents’ plan when they turn 26. However, this birthday is considered a qualifying life event that allows for a special enrollment period. During a special enrollment period, you are allowed to enroll in a health care plan through your state marketplace or federal exchange. In most cases, this special enrollment period is in effect for 60 days from the date the qualifying life event occurred.
Even if your parents agreed to keep you on their health insurance plan, it may make more financial sense to get your own health insurance if you move further away and out of your plan’s network. Going “out-of-network” will likely result in higher out-of-pocket medical expenses and could even mean losing coverage for some services. To avoid this, make sure you have a health insurance plan that covers providers in the area where you will live.
Subsidies are available to make health insurance more affordable for people who qualify, which can be very helpful if you won’t be staying on your parents’ plan. Once you know how much you qualify for in government subsidies, it can help you decide between ACA-compliant health insurance or other alternatives, such as catastrophic or short-term plans. These coverage alternatives can be good options for young adults because they are often more affordable and cover some medical expenses in the event of an emergency. For others, subsidies could make a major health plan the most affordable option.
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EHealth can help you find out if you qualify for a subsidy and which plan may work best for your needs. Check out individual and family health insurance plans to see what your options are!
One of the easiest ways to sign up for health insurance as a young adult is to enroll in your employer’s health plan. There are many benefits to joining your employer’s health plan, including the fact that your employer will often split premiums with you and does all the work of actually choosing a health insurance plan, so all you have to do is sign up for it.
A great option for student health insurance is to enroll in your school’s plan. However, health insurance obtained through a school is considered a type of short-term health insurance and will expire when you cease to be student at that school.
Another option for health insurance for young adults is to see if you qualify for Medicaid. However, you must meet certain eligibility requirements to qualify for Medicaid, such as income limits, so be sure to check the requirements before applying. You can also check your Medicare options.
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18.3% of 26-year-olds are uninsured, but health insurance is essential for all young adults. Young adults often think they are young and healthy, so they don’t need to invest in health insurance. However, a medical emergency can happen to anyone, regardless of age. Plus, preventative care is a smart move for all ages and health levels. Being able to see your doctor regularly to monitor your health and well-being is one of the great benefits of coverage, so you can catch any health problems before they become a bigger problem. It is essential to do your research and get insurance coverage that fits your needs and budget.
If you’re a young adult shopping for health insurance, let eHealth help. We compare thousands of plans in every state to make sure our customers can find the best plan for their needs and budget. With eHealth, you can check out different health insurance providers and choose the health insurance option that best meets your unique needs as an independent young adult. You will find the lowest prices available for health care coverage. Depending on your income and household size, you may also qualify for government rebates through the Affordable Care Act. Our rates can’t be beat.
We have made the process as easy as possible. Get accurate quotes in seconds without having to provide your email or phone number. Use online tools to help you quickly find the plan that best suits your needs. And, sign up in minutes on your computer or mobile device using our quick and easy online process.
Health insurance is among the most important purchases you will ever make. Comparing health plans and getting quotes and personal health insurance information has never been easier. Thanks to the Affordable Care Act, also known as Obamacare, you have consumer protection on your side.
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Before 2014, you could purchase an individual health insurance plan at any time of the year. But as of now, individual health insurance can only be purchased during open enrollment, except in special circumstances.s
The Obamacare mandate requires most people to get health insurance. If you are not already enrolled in a health plan that meets the minimum essential benefits requirements of the Affordable Care Act, you may need to change plans.
The mandate requires most Americans and legal residents to obtain health insurance that meets standards set by the Covered California Exchange. Those who are not covered for health insurance may face a penalty.
For some, personal health insurance is the only way to meet ACA requirements. If you have the option of group health insurance, personal health insurance plans may still be the best option. It all comes down to which plan best suits your needs.
What Is A Qualifying Life Event?
Individual health plans vary in how they are structured and how much they pay for your health costs. Under the ACA, all health plans must meet certain minimum essential coverage, meaning no one can be denied coverage during open enrollment for any pre-existing medical condition.
Health plans are classified into five major categories to make them easier to compare. The categories are divided by the percentage of health care costs they pay and include the following:
Choosing a personal health insurance plan that best suits your needs depends on several different factors. Consider the following and determine how they will affect your plan:
Before buying personal health insurance, you need to think about your health care needs and budget. Then, compare different plans to find the best fit. Here are some questions to consider.
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Think about your budget as well as your health care needs and find out how much it will cost you in insurance premiums and out-of-pocket costs for each plan you’re considering. Covered California makes it easy to compare different plans and choose the one that fits your individual health needs and budget.
Making a smart health insurance choice isn’t easy, but the research you do now will pay off later when you need health care for you and your family. Take advantage of our online services at Health for CA Insurance Center to get free and instant quotes on California health insurance plans for individuals. Just fill out our confidential form to get started.
Not sure how Obamacare affects your health care plans in California? Learn how the ACA works in California, including benefits, costs, and enrollment.
Covered California is the Golden State’s official health exchange marketplace where individuals, families and small businesses can find high-quality California government health insurance at low prices.
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Learn about California’s Obamacare income rules using our income limits chart and see if you’re eligible for government assistance.
Learn about the Covered California website. Find easy online registration. Set up your account, log in, buy insurance and more on the California Health Marketplace website.
