Keeping Kids on their Parents’ Health Plan

What difference does it make?

” ‘Aging out’ [becoming too old to be covered on your parents’ health plan] results in an abrupt 5 to 8 percentage point reduction in the probability of having health insurance,”… And “not having insurance leads to a 40% increase in emergency-department visits and a 61% reduction in inpatient hospital admissions.”

Full article on health care for young adults, one of the biggest groups of the uninsured.

Comments (5)

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  1. Joe S. says:

    Yes, but the numbers are still small. Very few people have a problem.

  2. Tom H. says:

    I suspect that a 25 or 26 year old can get cheaper coverage on his own than the cost of adding him to a parent’s plan.

  3. Larry C. says:

    I agree with Tom. Twnty-year-olds are really cheap to insure — comparatively speaking.

  4. Devon Herrick says:

    The primary reason many young adults lack health coverage is that many simply aren’t willing to purchase a policy they expect to get little use from. They certainly don’t want to pay $50 to $100 per month for a high-deductible plan they don’t expect to use. Neither are they willing to part with $300 per month for a low-deductible plan when they only expect to see a doctor once or twice during the year.

    It’s not uncommon to hear hard-luck stories in the news about young adults who took a chance and needed care. Yet we rarely hear about the other 99.99% who took a chance and came out ahead. I was one of those young adults (while in graduate school), who was uninsured and paid for medical care out-of-pocket. When I began working for the university (which included comprehensive health coverage) I thought it was such a waste of money.

  5. Ken says:

    Also, the way this post is worded, it makes it sound like the effects are large. In fact this is a very healthy age group — they rarely go in a hospital.