Prior to 2010, a young adult without healthcare insurance who was injured by another driver would risk, at the very least, a lowered credit score and face possible bankruptcy if they and the defendant driver (the person responsible for the accident) were operating their motor vehicles with insufficient or no automobile insurance coverage. A recent study shows that young adults have benefited from the law allowing them to obtain health insurance on their parent’s healthcare policy up to the age of 26.
The Patient Protection and Affordable Health Care Act has reduced the number of uninsured persons
Since The Patient Protection and Affordable Health Care Act was enacted, approximately 16.4 million additional people have acquired health insurance coverage, according to a study published by the U.S. Department of Health and Human Services. This equates to a 35% reduction rate of uninsured. The majority of these newly insureds have been brought in through the healthcare Marketplace (a local, online healthcare shopping website), expansions in Medicare and young adults who are covered by their parent’s health insurance policies.
Prior to the passage of the Affordable Care Act (ACA), most young people were separated from their parent’s health insurance policies after graduation from high school or completion of college. In 2010, the ACA provided for coverage of young people 19-25, by enabling them to stay on their parents’ policy. From the baseline in 2010 through the start of open enrollment in 2013, the uninsured rate of young people dropped from 34.1% to 26.7%, i.e. approximately 2,300,000 young adults ages 19-25 secured coverage through their parent’s policy. Through March 4, 2015, an additional 3.4 million young adults benefited from the ACA provision thereby totaling 5,700,000. These young adults may lawfully ride their parent’s policy regardless of marital status, residence, employer plan availability, financial independence and school status until they reach the age of 26.
Best Lawyers® Ward & Ward Law Firm -Experienced in Accidents and Wrongful Death Claims
Charlie Ward is a personal injury attorney in Indianapolis, Indiana and represents people who have been injured in auto, motorcycle and truck accidents as well as pedestrian and bicycling accidents, medical malpractice and nursing home negligence claims. If you or someone you know has been injured in an accident, the attorneys at Ward & Ward Law Firm will help you navigate the subrogation matters that arise as a result of the claim. Call Indiana personal injury attorney Charlie Ward today for a free consultation at 317-639-9501.
By Charlie WardWard & Ward Law Firm 728 S Meridian St Indianapolis, IN 46225 317-639-9501