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You’ve heard the buzz: healthcare reform is here. The Affordable Care Act, better known as the ACA or Obamacare, has changed the healthcare landscape in America. Many parents have questions about how these changes will affect their children, especially parents with older kids. Can your college boy stop worrying about his healthcare and focus on American History instead? Can your early-twenties rockstar stay covered under your plan until she stands on more solid ground?

 The ACA offers an extension for your children’s health insurance

Parents have the opportunity to provide coverage for their children at an older age. The extension allows, in most cases, for children under the age of 26 to be included on their parents’ insurance if the plan allows for dependents. There are exceptions; for instance, if your childrens’ place of employment offers insurance, they may opt for it instead of remaining on yours. Still, with many college graduates seeking work, parents can take comfort that they can provide insurance for their children.

If you have dependents, you may want to call HealthMarkets Insurance Agency and talk about your health insurance plan options and for help to find  a plan that fits both your family and your budget. It’s a good idea to find out if you qualify for federal subsidies on your health insurance.

Under Obamacare, families who fall below a certain income threshold may receive tax subsidies that offset their health insurance costs. Also, their out-of-pocket expenses may be capped at a certain amount. Generally, the more children you have, the more these subsidies might help you.

HealthMarkets can help you figure out whether you and your family qualify for subsidies. Use our easy, quick online tool to find out what kind of health plan you’re eligible for, whether your plan may be subsidized, and how well different plans match your budget. When it comes to your children’s health insurance, you have options. We know that choosing among them is important to you, and we’re here to help.

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