Health Insurance under parents plan extended to 26 years of age regardless of student status

July 20, 2010

A new regulation went in to effect last week which could benefit you, your friends or your siblings!   In the past, students lost health insurance coverage once they graduated from college, no matter what their employment status.   Pursuant to the Patient Protection and Affordable Care Act (P.L. 111-148)  passed in to law March 23, 2010, health insurance coverage under  a parent’s insurance plan is extended to children up to 26 years of age.  Key language includes:

“a plan or issuer may not deny or restrict coverage for a child who has not attained age 26 based on the presence or absence of the child’s financial dependency (upon the participant or any other person), residency with the participant or with any other person, student status, employment, or any combination of those factors.”

To view the new regulations, in the Find Document by Citation box, type in:   26 C.F.R. § 54.9815-2714T and click GO.

*Editors note available in the comments

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