health insurance reforms

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Transitioning to Young Adult Health Insurance at 30

Life is everchanging, and so are our personal health requirements. Transitioning from parental health insurance to a personal health insurance policy can be a big and daunting step, but necessary nonetheless. As life progresses, young adults may have personal needs that do not match the available coverage on the parental policy.

Private Health Insurance Changes: Adult Dependents up to 31

The 20-21 federal budget determined that the dependent age limit should be increased from 24 to 31 years. Although the changes were originally set to come into effect on the 1st of April 2021. Most insurers took a slow approach to the bill. Now, you may be able to keep your adult children as dependents on your private health insurance until they turn 32 years old depending on who you’re insured with. This decision was made as more individuals in this age range are expected to stay in education and live in their parental homes for longer.