Birthdays often mark major milestones: Driver’s license at 17, voter registration at 18, your first legal drink at 21…
…and getting kicked off of your parents’ health insurance at 26.
Prior to blowing out your 26 candles, health insurance was probably not top-of-mind. That may be because your parents’ coverage probably made things easy.
It’s time to take charge of your health and declare your independence! It’s important to have medical and dental insurance, even if you don’t get sick very often.
It’s time to birthday shop for some options:
1. COBRA
Some health plans offer COBRA continuation coverage, which allows 18 – 36 months of coverage after you age out of your parents’ plan. Learn if you’re eligible.
2. Employee Health Benefits
If your job offers health insurance, you’ll likely have 30 – 60 days to enroll after you lose your parents’ benefits, even if it’s not open enrollment.
If your parents’ plan included dental and vision coverage, but your current job doesn’t, talk with your employer about the benefits of having these benefits! Or look into getting your own individual plan.
3. Private Health Plans
Individual benefit plans may not be as expensive as you think. Price out your options and develop a savings plan. You may have to make some tough choices, but you’ll stay covered and healthier.
4. Government Health Plans
You may qualify for state-funded programs, such as Medicare and Medicaid. Browse the health insurance exchange to find a plan that fits your needs and budget.
5. Catastrophic Plans
We know, we know. You’re in your mid 20s – you rarely get sick! But that doesn’t mean life is accident-free. Adults under 30 can enroll in a catastrophic health insurance plan that covers worst-case scenarios.
As an emerging adult, insurance might seem like just another bill to pay. But the cost is too high not to have it.
You have your whole life ahead of you – get covered today!