NC Health Insurance: Young Adult’s Guide
Most health insurance companies won’t allow your parents to cover you under their health insurance plan after you turn 26. So, you are 26 and getting kicked off your parents’ health insurance plan. What now?
What are my insurance options?
You have two main options for health insurance after you age out of your parent’s plan: purchase health insurance through North Carolina’s exchange or through your employer.
You have two main options for health insurance after you age out of your parent’s plan. First, you can purchase health insurance through North Carolina’s exchange. Secondly, you can purchase a plan through your employer.
When you buy coverage through North Carolina’s health insurance exchange, you can choose from a variety of different coverage levels and plans. North Carolina’s health insurance marketplace is a great place to start. If you make a modest income, you may qualify for insurance subsidies that will help you cover the cost of your plan.
Even if you age out of your parent’s plan after the open enrollment period (November 1 – December 15), you still qualify for the special enrollment period because you have just lost coverage. After you age out of your parent’s plan, you have 60 days in which you can buy coverage.
Healthcare.gov is a complicated avenue to buy your Insurance. Your subsidy application is likely to get denied if you fill out even just one question wrong. Your best option is to contact one of our NC health insurance agents to walk you through the process. This free service gives you the benefit of having an expert on your side as you choose a new plan!
What if I don’t think I can afford health insurance?
If you think that your options are too expensive even after subsidies and cheap health insurance is your priority, you have the option to purchase a catastrophic plan. This affordable health insurance plan only covers minimal services until you meet a deductible of about $7,900. These plans are only offered to people up to the age of 30 and acts as a safety net in case you get seriously injured.
With the help of an insurance agent, you can find a health insurance plan that fits your needs and your budget. Need help finding a plan? Contact one of our experienced agents and we can supply you with some health insurance quotes!