There are almost 35 million people are in the young adult age group. The number of young adults without health insurance is decreasing significantly in this age group. The latest survey, released yesterday, found that during the second quarter of this year, adults between the ages of 18 and 25 without health insurance has fallen from 28 percent to 24 percent. This 4 percent decline is a major improvement for this age group. This ensures that one million more young adults now have health insurance. Midtown Insurance Group, LLC offers excellent info on this.
According to President Barack Obama’s health care law implemented last fall, adult children are allowed to remain on a parent’s plan until they reach 26 years of age. Unfortunately, the provision of this legislation wasn’t enforced by most health plans in the workplace until January 1st of this year even though it came into effect last fall. The four percent decline in young adults without health insurance is due to this new law.
The value of these young adults getting health care in a world that has proven not to be kind to those seeking employment cannot be overlooked or downplayed. Finding a good job appears to be increasingly difficult. This young adult age group is currently the only age group in the nation that is seeing a decrease in non- insured individuals. As compared to all other groups that continue to see an increase in Americans without health care, this is important.
This legislation being implemented is also a new found blessing to many families due to the new world atmosphere this nation is facing where jobs are being searched for by the world’s graduating population. For the most part students are uninsured until they can secure employment, which for some of these individuals could be a long stretch without health insurance. There are more updates coming about young adult health insurance. The original and major shift took place in the final quarter of 2010, and proceeded through the first part of 2011. It has seen a dramatic increase in the amount of young people covered by health care services.