When I was much younger — college age, to be exact — I could count on the fact that my parents’ health insurance policy generally covered me adequately…but only until age twenty-one. Under the provisions of the health reform law, the extension of that coverage has lengthened, covering policyholders’ dependents until age twenty-six. Although this coverage does not specifically require insurers to participate until September, may are choosing to roll out the extended coverage much sooner.

New provisions also mean regulatory mechanisms. With respect to this coverage, adult children beneficiaries of policyholders must receive coverage and benefits equal to those who did not lose coverage because of the cessation of their beneficiary status. This may translate into higher costs to implement the plan on a larger scale. HHS has termed these benefits as “essential health benefits”. Of course, the plan would subsidize care for parents who fall within poverty line guidelines (income within 400 percent of poverty) or via cost-sharing (for incomes of up to 250 percent of poverty). | LINK

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