Quiz 2: Coverage for under-26 year olds
According to public opinion polls, many people like the provision in the Patient Protection and Affordable Care Act (PPACA) that requires insurance companies to offer health care coverage to “children” up to age 26 as part of their parents’ insurance coverage.
Answers to Quiz 2
- d: According to the New York Times, benefit analysts estimate that the impact of the age-26 rule has been a 1-3 percent increase in premiums. Given Kaiser’s measurement that the average premium for a family of four is $15,073, this 1-3 percent increase equals about $150-$450. (New York Times)
- d: The law’s many coverage mandates, along with a provision called “community rating,” will increase insurance costs for young adults who must buy their own insurance by 19-30 percent. (Forbes)
- d: Even without the federal health law, as of June 2010, 37 states had extended dependent coverage provisions in health insurance. So even if the federal law were to be struck down by the Supreme Court or repealed by Congress, many newly insured young adults would still be able to remain on their parents’ plan. (To learn about your state’s policy, click here for a table from the National Conference of State Legislators.)
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