Obamacare aside from its arguing controversies that it brings to people, it cannot deny the fact that somehow it is really helpful to people especially on poor families and children. It offers many benefits to each family, giving them protection and healthcare services. Obamacare truly helps every family especially those young adults with the new law that he made that is the Dependent coverage which allows young adults to stay on their parent’s insurance plans until they reach the age of 26. This law is known as the affordable care act that is qualified for both married and unmarried children. Those that are attending school, not living with their parents, are not financially dependent on their parents, and are eligible to enroll in their employer’s plan are the ones who can join their parents plan.
Required Dependent Coverage
This law is applies in all plans of the individual market and to new employers, it is also applies to existing employer plans, children can stay at the care of their parents employer plan even though they have another offer of coverage through the employer. The cost of these enrollment opportunities will be coming from the insurance providers and employers. There is no need for the young adult that is qualified for the plan to pay for more coverage than similarly situated individuals. Grandfather plans are not required to cover adult children with the age of 26 if the child is qualified in enrolling to another eligible employer-sponsored health plan.
Over all the plan allowed the dependent coverage until the time that the child reaches 26. The coverage availability will just end the day before the 26th birthday of the child. For those children who have already ended with the coverage or has been denied by it are eligible to enroll under a 30-day transition period, but it must begin no later than the next renewal date of the group. When your child is no longer eligible for the coverage, he can still continue some coverage plan such as COBRA. The Consolidated Omnibus Budget Reconciliation- sponsored plans, is another form of coverage plan wherein it covers the medical and dental plan, health care flexible spending account and the vision plan.
Benefits of Dependent Coverage
This coverage plan is really helpful for families especially for those who will qualify being a dependent, through the way of increasing the quality and the affordability of health insurance. If you will be one of those who will enroll in this plan make sure to prove all the qualifications that they are looking for, for you to qualified the coverage plan. Some of the documents that is needed as a proof are marriage certificates, birth certificates, and other certifications that will proof that you are qualified for the coverage plan.