Under the Affordable Care Act (ACA), parents can cover their adult children until age 26.
Understandably, you might feel uncertain now that you are losing Mom & Dad’s coverage and don’t know where to start.
First, if you have a job, contact your employer to see if they offer benefits. An easy option is to join your employer’s group health plan. The loss of your parent’s coverage creates a qualifying event for joining the plan.
If you don’t have access to group coverage, remember, you have individual health plan options. This gives you the freedom to choose a plan that best suits your needs and preferences, empowering you in your healthcare decisions.
There are multiple options in the marketplace, and now is the time to research healthcare. It is essential to decide where and who you will receive medical services. This can be the perfect opportunity to form a relationship with a new doctor if you don’t have one. A good starting point is looking at healthcare providers close to where you live. Once you have decided where you wish to receive care from, we can narrow down the insurance companies with those providers in the network.
Put together a list of all medications you are currently taking and who your prescribing physician is. Each insurance company has a different list of drugs that they cover. Some brand-name drugs will apply toward the deductible or may not be covered. ADHD medications fall into this category. One carrier may cover a specific drug with a $60 copay, while another does not cover the drug at all. It’s essential to research the drug coverage before you purchase a policy.
To understand Indiana Individual Health Insurance coverage, you will want to educate yourself on basic health insurance terminology—deductible, Co-Insurance, Copay, network, and out-of-pocket maximum.
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