Senate Health Committee Chairman, Senator Kemp Hannon, announced a part of the recently adopted a new budget, which enables health insurance companies to carry individuals under their parent's policy to age 25, instead of age 19 for those who do not go to college and 23 for those who do.
The part of the bill, announced at a University Student Center during a June 1 press conference, will be a relief to many parents and young people facing extremely high COBRA costs when their child reaches the age of ineligibility under their plan, but is either still in school or searching for employment. The legislation also assists those young 20-somethings who are bearing the brunt of their own health insurance costs by enabling them to obtain health insurance coverage through their parents.
"We have to be realistic," Senator Hannon said. "With double and triple majors and five-year master's programs, many of our young people are not graduating college when they are 21 anymore. Burdening them and their families with COBRA costs is unfair."
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Cobra is extremely expensive and if you can qualify for an individual health insurance policy, you can save thousand a year. The key to finding the best premium is to work with an agent who can offer you multiple option. Your auto insurance agent usually can't give you the best health insurance premium because usually they have only one option to offer.
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Cobra really cost a lot for me and it's some kinda too much. How can they possibly help individuals with their huge fees. I suggest them to lessen their price and make it reasonable enough for every consumer.
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This makes tremendous sense. It helps parents who are footing college tuition from also having to help pay a child's additional health insurance expenses. Sometimes govt does get it right.
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Although medical treatment is available without health insurance , it doesn’t make sense to pay the hefty out-of-pocket expenses. A major accident or illness, without health insurance, can bankrupt the average family. Buying Health Insurance for yourself and your family is probably the single best step you can take to ensure the personal and financial well being of your family.
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Cobra is too much expensive its too much costs..
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I've heard In review, “health insurance” will probably not lower premiums.Those not eligible for COBRA may be able to convert a group policy to individual coverage.
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Yes its the most expensive plan and many of us try to avoid making this plan because of the higher rates. It is better to try out making health plans for individual as this option can make huge savings. This is simple a great news and relief to most of the parents those who do have faced this drastic situation.
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