Reply to Tell me why you think 26 year olds should be covered under parents' insurance

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[quote=Anonymous][quote=Anonymous]I'm glad they are covered- Our three oldest are 24, 22, and 20. But I can't offer you a good reason why they should be.

Contrary to what some of the PPs have stated, it isn't costing us a dime more. We pay the same BC/BS federal employee family rate now as we did when they were younger. It doesn't matter if we have 2 kids or 20, it's the same price.

My 22 year old has insurance through his employer. Ours is secondary. The other two are in school full-time. However, none of them ever really use it. They are all very healthy. [/quote]

That has more to do with the BC/BS FEHB pricing structure.  For some reason, BC/BS FEHB has only two tiers of coverage: Individual and Family.

Most employers have three tiers of insurance coverage:  Individual, Individual + One, and Family.  If you were not a Federal Employee, prior to the ACA, you would have switched from Family to Individual + One coverage when your youngest headed off to college.  Since 18- to 26-year-olds are healthy, they cost the system very little.  So, your reduced premium would have meant fewer dollars to pay for the uninsured or under-insured.

With the ACA, most families will pay Family coverage premiums until their youngest is 26.  So, most families will pay 8 additional years of Family premiums -- which are usually much higher than Individual or Individual + One premiums -- to cover young adults who will never get sick.  They will elect to do so because they have the disposable income and want to insure against the possibility, however slight, that a serious illness or injury will bankrupt them or ther twenty-something child.

As for your situation, OP, are you sure you wont be paying higher premiums for 8 years?  Do you and your husband both work?  If so, wouldn't it be cheaper for each of you to elect Individual coverage at work rather than having one of you elect family coverage under BC/BS FEHB?[/quote]

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