Help for Young Adults

By: Alex Kellner; Source: AARP Bulletin Date Posted: 2006-07-05 13:42:00-04:00

By Alex Kellner

July-August 2006

Ben, a 23-year-old sales assistant earning $25,000 a year in Massachusetts, has been uninsured since he graduated from high school and lost health coverage on his parents' policy. Five years later, he has considerable credit card debt from bills for appendicitis surgery, mononucleosis and bronchitis, but says health insurance is still "astronomically too much money."

"I was offered two jobs that were less money than I make now, but had awesome benefits. I chose not to take them because I'd have to pay so much out of my check each week that I wouldn't be able to pay my other bills," says Ben, who didn't want his surname disclosed. "Every time I get a cold or virus, not being able to go to a doctor and know what's going on is really scary. I'd rather be treated than hope I get better on my own."

He says if insurance is affordable under the new Massachusetts law, he "will absolutely take advantage of it because having coverage is so important."

The law will allow young adults to remain on their parents' health policies for two years after they become independent or until they turn 25—whichever comes first. Those ages 19 to 26 will also be eligible for health plans designed specially for their age group. In Ben's case, his income would make him eligible for subsidized coverage with reduced premiums and no deductible.

Additional Related Links

Message Board: Is the time to consider universal health care for the United States now?

Help for the Self-Employed (July-August 2006)

Medical Nest Egg: Health Savings Accounts (April 2006)

Faceoff: How Good Are Health Savings Accounts? (April 2006)

Back to Main Article (July-August 2006)