How New Grads Can Buy Health Insurance

By Kimberly Lankford

| Photographs By Doucefleur

QUESTION: My daughter just graduated from college and doesn’t yet have a job that offers health insurance. She’s going to be moving to a different state. Can she stay on my insurance?

ANSWER: She can stay on your policy until age 26, but check whether your plan has in-network providers in her new state. If she goes out of network, she may pay a higher deductible and co-payments, or she may have no coverage except in emergencies.

She could also buy a policy through her new state’s insurance exchange. (Healthcare.gov has links to exchanges.)

If she’s not financially dependent on you, she may qualify for a government subsidy to help pay premiums. Subsidies are available to singles earning up to $48,240 in 2018.

Or she could get a “catastrophic plan,” available to people younger than 30, which offers low premiums but higher deductibles and no subsidy. Catastrophic policies sold on eHealthInsurance.com last year cost an average of $201 per month, says Lisa Zamosky, of eHealthInsurance.


The views expressed in content distributed by Newstex and its re-distributors (collectively, “Newstex Authoritative Content”) are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an “AS IS” basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.

Licensed content is provided for informational purposes only, and is not intended to represent any endorsement, expressed or implied, by USAA or any affiliates.

Copyright 2018 The Kiplinger Washington Editors. This article was written by Kimberly Lankford from Kiplinger and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

Tags - Health, Insurance

Article

What to Do with Health Insurance and ...

Article

Stay Safe in the Water This Summer

Article

New Limit for Health Savings Account Contributions