Money in the Middle

Sandwich Generation Talking About Money Up, Down and Across Generations

College Grads Get Bridge on Health Insurance

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Wondering about how to get health insurance for your college grad until the new law takes effect that will let you keep them on your health plan until they are 26? 

Breathe a sigh of relief if you have a UnitedHealthcare plan (we suspect others will soon follow). 

UnitedHealthcare announced it will extend the health coverage that graduating college students currently have under their parents’ plans until the new health reform provision requiring dependent coverage up to age 26 is fully implemented.

The new law created a coverage gap that was going to send baby boomer parents scurrying for coverage or have their new grads join the ranks of the uninsured.  As part of the Patient Protection and Affordable Care Act, young adults will be able to stay on their parents’ employer-offered or individual family health plans up until age 26. However, this extension does not begin to take effect for employer-sponsored plans until Sept. 23.

 UnitedHealthcare said it is acting to eliminate this coverage gap that some graduating students may face when losing their parents’ UnitedHealthcare health plan coverage upon graduation, and will work with its employer customers to implement the extension.  Other health care companies reporting that they will let parents keep their children on the plans include Wellpoint, Blue Cross Blue Shield plans, Kaiser Permanente, and Humana.

This extension of coverage applies to college students who currently are covered under their parents’ fully-insured health plan offered through UnitedHealthcare. Individual family health plans through UnitedHealthcare’s Golden Rule already allow all dependents to stay on the plan until age 26. 

Now, how is that job hunt going?


Written by Laura Rossman

April 19, 2010 at 8:00 pm

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