Extending parental coverage

In an economy where young adults struggle to cope with costs of living and employment, should health also be a worry?

Many young adults remain without any medical insurance primarily due to the cost and many have jobs that can’t quite provide them with enough wages to allow them to pay out of pocket if their companies don’t provide for health coverage.

At least state governments are doing something about it while the Federal government continues to finalize health care reforms.

New York, for example, passed a law in June allowing parents to cover young adult children up to the age of 29 under their employer-provided healthcare. The conditions – child may/must not have any other coverage and should reside within the state. More than 20 other states have similar laws which allow parents to cover children up to their mid to late 20s.

Young people sure can take advantage of this but we sure hope that this doesn’t increase the a mentality of overdependence to parents.