One of the first expansions of coverage under Obamacare allows parents to add their adult children to their employer policy, up to age 26. The expected cost, $3,380 next year, gets spread against all families in employer plans, raising premium by about 1%. As always, the devil is in the details, and here they are:
- The kid doesn’t have to be in school.
- The kid can be married.
- The kid doesn’t have to live at home.
Technically, the rules take effect on plan or policy years beginning after Sept. 23, but a lot of large insurers (a list begins on page 4 of the White House’s write-through) have volunteered to take the plunge early, including Cigna, Aetna, WellPoint, Humana, Kaiser Permanente and a bunch of state Blue Cross plans.