Health Insurance for over 18 child

Anonymous
How does that work? Do we have to keep on our insurance, or can child get a very low ACA plan on their own? Huge difference in expense obviously. Does it depend on tax status of child, and if so wdyd?
Anonymous
You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.
Anonymous
Anonymous wrote:You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.


But if you stop claiming them, doesn't it make sense to just go the ACA route so they can be covered for about $10/mo? Assuming the child is in college and making under 10k.
Anonymous
Anonymous wrote:
Anonymous wrote:You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.


But if you stop claiming them, doesn't it make sense to just go the ACA route so they can be covered for about $10/mo? Assuming the child is in college and making under 10k.


But then what are they going to do from 22-26? Better just to keep them on your plan until you know they have a job with coverage.
Anonymous
ACA will save us $$$$ when last kid goes to college because we'll be "self & spouse" vs "family" premiums.
Anonymous
My DH is self employed so our insurance rates are high. We saved money by putting our DC on the college health insurance plan…cheaper plus it had better coverage. It lasted through the end of summer of graduation by which time DC was working and went on own plan with the new job.
Anonymous
Does the coverage through age 26 apply even if the kid is out of college and has their own job that provides insurance?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.


But if you stop claiming them, doesn't it make sense to just go the ACA route so they can be covered for about $10/mo? Assuming the child is in college and making under 10k.


But then what are they going to do from 22-26? Better just to keep them on your plan until you know they have a job with coverage.


Then they would either 1. have a job with coverage 2. be grad students with small income so qualify for a lot of ACA aid still.
Anonymous
Anonymous wrote:My DH is self employed so our insurance rates are high. We saved money by putting our DC on the college health insurance plan…cheaper plus it had better coverage. It lasted through the end of summer of graduation by which time DC was working and went on own plan with the new job.


I am just wondering because I see all those commercials on tv with the guy who pays $9/mo for an ACA plan. I wonder why all college kids would not be on that! It is cheaper than absolutely anything, even coverage through a parent's job (aside from a few very generous employers perhaps)
Anonymous
Anonymous wrote:Does the coverage through age 26 apply even if the kid is out of college and has their own job that provides insurance?


Yes. It’s coverage until 26 though, not thru 26.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.


But if you stop claiming them, doesn't it make sense to just go the ACA route so they can be covered for about $10/mo? Assuming the child is in college and making under 10k.


But then what are they going to do from 22-26? Better just to keep them on your plan until you know they have a job with coverage.


Then they would either 1. have a job with coverage 2. be grad students with small income so qualify for a lot of ACA aid still.


In my example what if they're in undergrad/grad 18-24. Then what if they can't get a decent job? Can you re-add them for 24-26 if they haven't managed to get a decent job but they're out of school?
Anonymous
Anonymous wrote:
Anonymous wrote:You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.


But if you stop claiming them, doesn't it make sense to just go the ACA route so they can be covered for about $10/mo? Assuming the child is in college and making under 10k.


$10 a month? Check the deductibles and what they cover for only $10 per month.
Anonymous
Anonymous wrote:My DH is self employed so our insurance rates are high. We saved money by putting our DC on the college health insurance plan…cheaper plus it had better coverage. It lasted through the end of summer of graduation by which time DC was working and went on own plan with the new job.

This is what we are doing. With all three kids in college. College plans seem to be excellent Each is about $3000 per year Way cheaper than family insurance for a self employed
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:You can do either one. Nt dependent on tax status. I stopped claiming my kids at age 18 but they are still on my insurance because they aren’t yet 26.


But if you stop claiming them, doesn't it make sense to just go the ACA route so they can be covered for about $10/mo? Assuming the child is in college and making under 10k.


But then what are they going to do from 22-26? Better just to keep them on your plan until you know they have a job with coverage.


Then they would either 1. have a job with coverage 2. be grad students with small income so qualify for a lot of ACA aid still.


In my example what if they're in undergrad/grad 18-24. Then what if they can't get a decent job? Can you re-add them for 24-26 if they haven't managed to get a decent job but they're out of school?


Different poster here wants to know this too. Can you re-add your kids 22-26 if your kids don’t have a decent job after graduating from college? Or maybe taking a gap year or two preparing for med school, etc?
Anonymous
Anonymous wrote:ACA will save us $$$$ when last kid goes to college because we'll be "self & spouse" vs "family" premiums.


If you have BC/BS, it is not the huge savings one would expect.
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