A Healthy Gift for the Class of 2010

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

Although the provisions of the health care reform bill requiring insurance companies to allow kids 26 or under to remain on parental insurance policies don't kick in until September, some major companies are giving graduating seniors a break.

United Healthcare, Humana, Kaiser Permanente and WellPoint said they’re changing rules now to allow those under 26 to remain on their parent’s policy.  Since this provision of the new health care reform legislation wasn’t scheduled to take effect until September 23rd, these companies are potentially doing something they’re not often accused of: doing something nice for free.

Prior to passage of health care reform legislation, most insurance companies dropped young adults from parental policies when they were no longer full-time students or at age 21, forcing them to pay for more expensive individual policies. But it would appear that this Spring’s crop of college grads will have a less expensive option: letting mom and dad continue to foot the bill while they look for work.

According to this article in USA Today, UnitedHealthcare and Humana are making this change immediately.  At WellPoint, the change will take effect on June 1, and Kaiser is planning to extend coverage before September, although details aren’t quite as clear as to exact dates.

People already dropped due to age or graduation won’t be automatically reinstated, however. Those not currently covered will have to wait until September 23rd.

Yesterday, U.S. Health and Human Services Secretary Kathleen Sebelius sent letters to other insurers asking them to follow suit. Hopefully more will.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: How the Trump Tax Plan Will Affect You

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,888 more deals!