According to a new report released this afternoon by the Commonwealth Fund, at least 600,000 young adults have taken advantage of the Affordable Care Act’s provision allowing those up to age 26 to remain or join their parent’s health insurance – many of them this spring’s high school and college graduates:
Young adults up to age 26 may now stay on or join their parent’s health plans if they include dependent coverage, and early reports indicate that at least 600,000 have done so.
The Departments of Health and Human Services, Labor, and Treasury estimate that approximately 1.7 million young adults will become covered under parents’ policies by 2013. Of those, nearly 1 million are estimated to be previously uninsured.
Starting in 2014, of the 14.8 million uninsured adults ages 19 to 29, an estimated 12.1 million could gain subsidized coverage once all the law’s provisions go into effect.