I scored a 5 out of 10 on the quiz. I found that the five I answered correctly were provisions I have heard about over and over and some of the others are ones I have never heard any discussion about. In choosing a topic to focus on, I thought about how Obamacare relates to me. There is a new policy that allows “children” to say on their parents’ healthcare plan until they are 26. Previous to this, insurers could drop children from their parents’ plan regardless of student or job status. The Department of Labor answers some basic questions about this nicely.
Any child age through age 26 is covered with their parents insurance as of 2010. This child a can be married or single, in school, unemployed, or have a full-time job and all statuses in between without fear of loosing health insurance. When health insurance is provided by a parent’s employer, the value of the child’s healthcare is not included in the income of the parent for the taxable year, this way the parent is not being taxed on their child’s prolonged healthcare.
My opinion and supposed political believes were battling over this topic. My republican self wants to criticize the plan for allowing post-graduates to prolong the job search and stay at home, fostering laziness. But being a 22 year-old-almost-college graduate, I know how difficult it is finding a full time job with benefits right out of school. I am also very much planning on living with my parents until I can afford my own place and not having to worry about my own health insurance costs could make that process quicker.
Because insurance premiums under Obamacare will be relatively high for younger adults, the ability to stay on your parents’ plan help protect them for this until the age of 26. I think that this provision is a positive aspect of the act especially since many young adults are weary about making a healthcare decision.