Live Insurance News

Health insurance exchange awareness low among young adults

August 29, 2013August 27, 2013 S.Vagus

Survey shows that young adults lack awareness when it comes to health insurance The Commonwealth Fund, a private organization that promotes higher standards in health care and insurance, has released a new survey concerning health insurance awareness among young adults in the U.S. The Affordable Care Act is often highlighted as a major issue for young people throughout the country, many of whom do not currently have health insurance or receive coverage through their parents. With health insurance exchanges taking form in every state, young consumers may be at risk…

Health insurance concerns arise regarding young adult adoption

July 8, 2013July 6, 2013 G. Turner

Insurers are concerned that raising costs will stop twenty-somethings from purchasing coverage. When the healthcare overhaul goes into full effect on January 1, 2014, most Americans will be required to purchase health insurance or face a tax penalty, but many young adults who are unemployed or under-employed in the current economy are balking when it comes to buying a plan. Some young adults are already planning to choose the penalty over the coverage, raising concerns. Even after the reforms go into full effect and a $100 penalty will need to…

Health insurance may still be problematic for young adults in the US

May 17, 2013May 25, 2013 Logan B.

Young people could still face some challenges with health insurance coverage One of the primary tenets of the Affordable Care Act is to make health insurance coverage more available to a wider range of consumers throughout the U.S. Part of this goal is meant to be accomplished by making young adults more eligible for health insurance coverage that they need. The health care law has, thus far, made it easier for these people to receive such coverage by allowing them to stay on the health insurance plans of their parents…

Health insurance dependents may face privacy struggles

October 4, 2012September 21, 2013 Logan B.

Insurers share private medical information with policyholders about family members on the plan. The Affordable Care Act is now allowing adult children to maintain their coverage under their parents’ health insurance plans, which has offered a tremendous advantage and has notably increased the coverage over that age group, but it does have one notable disadvantage. That concern, which many young adults are discovering, is privacy. Over three million young adults have now regained health insurance coverage because of the new law, according to data from the Department of Health and…

Growing number of young adults in Minnesota have health insurance coverage

March 8, 2012April 30, 2013

The Minnesota and Massachusetts health insurance coverage rates are currently drawing attention as they have achieved rates of 98 percent and officials try to determine whether or not they have reached their highest possible levels. A Minnesota survey published in an article called “Many Minnesotans Still Without Insurance” has indicated that the segment of people within the state who are currently uninsured has not entirely returned to the levels that had been reached by the end of 2009. The uninsured rate last year had kept stable at 9.1 percent, regardless…

Healthcare overhaul to bring health insurance to approximately 2.5 million more young adults

December 15, 2011May 6, 2013

A new rule in the healthcare reform has made it possible for many young Americans to maintain their coverage under their parents’ plans, which will allow an additional 2.5 million people who are 25 years old or younger to be insured. According to the Centers for Disease Control and Prevention (CDC), there was an increase in the percentage of insured individuals between the ages of 19 and 25 from 64 percent in June 2010 to 73 percent in September 2010. This rise is credited to the coverage provision of the…

Study shows that the number of young adults without health insurance has fallen

September 23, 2011May 8, 2013

A recent survey has shown that as a result of the Obama healthcare law that allows young adults to maintain coverage through their parents’ health insurance plans, the number of uninsured people in that age group has fallen dramatically. The survey was performed by Gallup, and indicated that there are now approximately 1 million more young adults who are covered by health insurance. At a time that the economy continues to struggle and the future is uncertain, it has been challenging for young adults to take those first steps into…