Affordable Care Act Component by Kat https://padlet.com/obertkatherine/maxn0mfpqta6 Young Adult Coverage en-us 2016-06-18 20:21:11 UTC 2025-12-27 07:39:24 UTC hello@padlet.com On March 23, 2010, the President of the United States signed the Affordable Care Act into law. obertkatherine https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114961973 2016-06-18 20:23:16 UTC https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114961973 One component of that law is Young Adult Coverage. obertkatherine https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114962020 This component makes it legal for a child to stay on a parent's health care plan until they are 26 years of age.]]> 2016-06-18 20:24:41 UTC https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114962020 Positive Effects: obertkatherine https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114962057 1) Young adults can receive health care until they are older and capable of providing it for themselves.
2) It is much cheaper to keep the young adult on the parent's plan.
3) Regardless if the person is married or financially independent, they are able to remain on the parent's insurance until the day they turn 26.]]> 2016-06-18 20:26:16 UTC https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114962057 Negative Effects: obertkatherine https://padlet.com/obertkatherine/maxn0mfpqta6/wish/114962160 1) The parent's have to keep paying for the children's health care or keep a family plan, which may be more inconvenient for them. 

2) Young adults will not learn as much about insurance coverage and the cost.

3) This only lasts until the child's 26th birthday, so it is more short notice. It will be harder and more expensive to find an insurance plan after that compared to what the cost and effectiveness was prior to their 26th birthday. 

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