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What is the health coverage price for dependent adult children?

The health coverage price for dependent adult children should not be much more, if more at all, than the cost of a family medical plan for parents of younger children. The Patient Protection and Affordable Care Act (PPACA) requires plans and insurers that offer dependent child coverage to make the coverage available until a child reaches the age of 26. Any qualified individual must be offered all of the benefit packages and cannot be required to pay more for coverage than similarly situated individuals. Eligible adult children wishing to take advantage of the coverage up to age 26 will be included in the parents' family coverage.

Furthermore, parents may enjoy some tax benefits by having their adult dependent child on their family medical plan. Under a change in tax law included in the PPACA, the value of any employer-provided health coverage for an employee's child is excluded from the employee's income through the end of the taxable year in which the child turns 26. In addition,  employees may pay the employee portion of the health care coverage for an adult child on a pre-tax basis through the employer's cafeteria plan - a plan that allows employees to choose from a menu of tax-free benefit options and cash or taxable benefits. 

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.