Recent reform may make it more affordable for unemployed young adults to obtain health insurance coverage.

A provision in the Patient Protection and Affordable Care Act will allow them to remain on their parents’ policies until they turn 26 years old. Many of these people would have been kicked off their parents’ coverage after graduating from high school or college.

However, the law is not effective until six months after its passage – or on September 23 – meaning that some post-graduates will be forced to endure a four-month gap. Others may have to wait even longer, according to a recent report by Insurance News Net.

“The new rules on dependent coverage begin with the new plan year, which for most employers starts January 1,” Ken Sperling, of Hewitt Associates, was quoted as saying. “Until then, the rules under the current plan apply.”
Those enduring these circumstances may consider a high-deductible or individual insurance plan. These types of coverage are often affordable for young, health consumers, but may not be an option for those with pre-existing conditions.

A recent article by Kaiser Health News pointed to the decisions faced by parents of unhealthy young adults. Some are appealing to Congress to adjust the effective date, while others are looking to COBRA coverage.

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