New Initiative Addresses Dependent Coverage Gap
Just announced: New initiative addresses dependent coverage gap, helps parents keep their adult children covered.
It was announced earlier this week that our parent company is taking steps to prevent a gap in coverage that could leave many young Americans uninsured.
Each year in June, many young people – because of their age, student status or other factors – become ineligible as dependents on their parents’ insurance policies. Health care reform legislation, signed into law last month, will extend dependent coverage to age 26 for plan years beginning September 23, 2010. While this is great news, it also means that many members would face a coverage gap during the months before this provision is fully implemented.