HEALTH CARE

Young adults in Utah no longer have access to their parents’ health insurance, so it’s important to consider your options

Sponsored: As young adults in Utah age from their parents’ health insurance plans, those who do not obtain insurance through their employer are using individual plans.

(Adobe Stock, U of U Health Plans) | Everyone is welcome.

Health insurance is something the average 18- to 26-year-old doesn’t really think about. Instead, most young people in Generation Z are thinking about things like college and career paths, sometimes jumping into the “gig economy” as a side job or as their main job. Freelance as a dog walker, babysitter and graphic designer for him.

Having health insurance may be one thing on the back of a young adult’s mind, but for Gen Z’s who are aging from their parents’ health insurance plans, or for whatever reason, they don’t have health insurance. Especially important for Generation Z (who are uninsured individually). After all, you never know when an accident will strike or when an unexpected health problem will strike.

According to CBS News, the average cost of an emergency room in Utah was $1,464. This means that 20 of his uninsured people could lose thousands of dollars from severe pneumonia, a broken ankle from a fall while hiking, or a head injury from a skiing accident. increase. dollars, and left unpaid can send hefty hospital bills to the collection and ruin a young person’s credit… get an apartment, or a first mortgage.

(Adobe Stock, U of U Health Plans) | Everyone is welcome.

When a young adult loses parental health insurance coverage

For young adults with parental health insurance, typically when they reach age 26 on a traditional health plan, they either “age” or drop out of their parent’s health plan (not covered by insurance). (see Affordable Care). law) or age 21 (she is 23 for college) unmarried biological children, adopted children, and stepchildren of eligible military families under TRICARE (Uniform Service Healthcare Program).

If you are over the age of 18 and do not have health insurance on your parents’ health insurance plan, or if you do have a parent’s health insurance plan but are quickly losing coverage due to old age, please see here . Important things to consider are:

  • If you do not have health insurance through your employer, you should consider your individual health insurance options.

  • If you’re a freelancer or have a gig job, consider getting personal health insurance.

  • Depending on your income, you may be eligible for a Premium Tax Credit (PTC), which is used to reduce your monthly premium when you enroll in a health insurance plan through the Health Insurance Marketplace®. Individual tax credits are based on household information and income estimates and are more flexible than Medicaid eligibility requirements. *Premium tax credit rate for 2023 will not be available until November 1st.

  • Open registration for 2023 Coverage for Individual Plans will begin on November 1, 2022.

If you are a young adult aging from your parents’ health insurance plan, or if you do not currently have insurance, you should consider your individual health plan options. Basic health benefits often cover inpatient and outpatient care, prescription drugs, laboratory tests, preventive care, mental and behavioral, motherhood, emergencies, and more. Click here to get a quote. For more calls, call 801-933-2605.

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