Young Adults Have Higher Healthcare Costs On Parent’s Health Plans

Young adults who stay on their parents’ health insurance plans have slightly higher costs than those who had their own insurance coverage, according to The Wall Street Journal.

Under the Affordable Care Act, parents whose employers offer health insurance plans are able to include their children up to the age of 26 without paying any more than they would for a family plan.

The Employee Benefits Research Institute found that young adults on their parents’ plans at one company incurred costs about 15 percent higher than young adults with their own coverage through the same company. Those on their parents’ plans were more likely to have claims related to substance abuse, mental health, and pregnancy.