Health Insurance News

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, finds that during the second quarter of this year, adults between the ages of 18 and 25 without health insurance has dropped from 28 percent to 24 percent. This 4 percent drop is a major improvement for this age group. This means that one million more young adults today have health insurance.

Many believe that this is also due to the health care law changes enacted last fall by President Barack Obama that allowed adult children to remain part of the parent’s plan until their 26th birthday. However, the provisions of the law didn’t immediately get implemented by the majority of health plans in the work place until 1-1-11, even though it was a few months old and the reasons for these significant changes.

The importance of these young adults having health care in an economy that has proved not to be kind to anyone seeking employment cannot be ignored or downplayed. Finding a good job continues to be increasingly difficult. This young adult age group is currently the only age group in the nation that is seeing a decline in non- insured individuals. When compared to all other groups that continue to see a rise in Americans without health care, this is significant.

This law being enacted is also a new found blessing to many families due to the new world atmosphere this nation is entering where jobs are being competed for by the world’s graduating population. For the most part graduates are uninsured until they can secure employment, which for some of these individuals could be a long stretch without health insurance. There are more announcements coming concerning young adult health insurance. The initial and big change occurred in the 2010 final quarter and has continued through the first part of 2011. This witnessed an immediate change in the number of young adults being covered by health care coverage.

Young American adults represent the highest numbered age group without health insurance of any group of Americans. One of the reasons is the gap between graduating and employment is getting longer and longer. Many graduates simply cannot find employment and many that are working are laboring in low or minimum wage jobs were health care coverage is not part of the benefits package and a percentage of these young adults who do have jobs that offer health care coverage refuse the coverage in favor of pocketing the extra money generally spend on the premium. Many people have hopes that the decrease in adults not being covered will continue into the future.