One of the targeted demographics the health care law affects is those who are under the age of 26 — the population least likely to have health insurance.
Here are the five things students need to know about the health care law — the Affordable Care Act — that, in a polarizing decision captivating America, was upheld by the Supreme Court Thursday:
1) Regardless of whether you live with your parents, move away, get married or can financially support yourself, you can still choose to stay on your parent’s health care insurance.
“I think we should be informed how it applies to our lives, not just now but in our futures,” said Maggie Connolly, a 22-year-old who works at MedStar Georgetown University Hospital.
2) Insurers are required to cover people of all ages with pre-existing medical conditions.
Since the law’s implementation on March 23, 2010, the U.S. Department of Health and Human Services estimates around 2.5 million people from ages 19 to 25 received health coverage after the Affordable Care Act was passed and upheld.
3) For students who are employed, there will be a box on your 1040 tax form. You will be required to check whether you have health care insurance or not. If you check “No,” fines would be assessed.
4) If you’re under the age of 26, you can hop on and off your parents’ insurance plans as many times as you want. So, if you get laid off from a job that offered health benefits, you can rejoin your parents’ coverage.
“I think the new health care law is a great idea if you are in school,” said Laura Frost, who will graduate from the University of Maryland in December before heading to nursing school. “It helps those who may need an extra year to graduate or those who are going for a graduate degree.”
5) With the Affordable Care Act, those who are close to turning 27 will need to begin searching for their own individual policy and coverage.
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