Q: How will healthcare reform impact young adults?
The healthcare reform law requires young adults to buy health insurance coverage. If they do not, they must pay a penalty. The law also requires that young adults be allowed to stay on their parents’ employer-sponsored policies until they are 26.
Young adults ages 26 to 30 are able to purchase a catastrophic-only policy. The policies usually have low monthly premiums and high deductibles. Young adults are also able to benefit from premium tax credits and cost-sharing subsidies in order to make coverage more affordable.
Next question: Will healthcare reform affect healthcare workers?
Meet the experts to answer the commonly asked questions to help you understand the Health Care Exchange
Linda V. Tiano
Member of the Firm at Epstein, Becker, and Green in Washington, DC and New York
Senior Vice President of Strategic Planning and Business Development at the University of Alabama at Birmingham Health System.
Director of Health Care Reform at Priority Health in Michigan.