Young adults—who lose coverage under their parents’ health insurance plans upon turning 26—are stuck in healthcare limbo along with the fate of the Affordable Care Act (ACA), otherwise known as Obamacare. According to CNBC, advisors agree that young people should always have health insurance, should continue basing their decisions on the current rules until and unless lawmakers change them, and should be conservative about budgeting until certainty about the future of healthcare coverage emerges.
According to financial experts quoted in the article, “If you’re employed, get employer-based medical coverage. If you’re unemployed or your job doesn’t offer benefits and you make under 400 percent of the federal poverty level (FPL), you can qualify for tax credits through the ACA.”
Given that young adults are generally healthier and have lower income, they may suitably opt for lower-premium, higher-deductible plans. But in that case, understanding what out-of-pocket healthcare costs actually cost is important so then they can price-shop.
Healthclx.com delivers that transparency, uncovering the hidden costs of healthcare and putting it online for consumers who already seek price information before making nearly every other purchase. Healthclx empowers patients to make smart decisions about their health and their money.
Source –
CNBC: “Young adults struggle to plan amid health-care uncertainty“
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