14 Jul Retiree Health Insurance Plans
Has a neighbor told you that his daughter is still covered by his health insurance plan, even though his daughter is 24?
Wondering why you haven’t gotten any information that your son, who is 23, can?
Do you have a retiree-only health insurance plan?
These are all examples of ACA protections that do not apply to retiree-only plans:
- Young adults can now stay on their parent’s health insurance plan until they turn 26
- Certain preventive services now have no out-of-pocket costs (co-payments, co-insurance amounts, deductibles)
- No annual or lifetime limits on essential health benefits
And for those of you who like to get in the weeds, here is a handy chart with additional information about ACA provisions that don’t apply to specific types of health plans: http://www.proskauer.com/files/uploads/Documents/Applicability-of-PPACA-to-Health-Plans.pdf