Adult children riding piggyback on parents' coverage
Young adults (ages 19 to 29) are one of the largest and fastest-growing segments of the U.S. population without health insurance. Nearly 14 million lacked coverage in 2004, an increase of 2.5 million since 2000. Many of the uninsured are recent graduates.
Today's college and high school graduates face two problems that their parents did not encounter 25 years ago. A wide variety of occupations now involve large numbers of people with no choice but to be self-employed consultants or to obtain work through temp agencies or contract houses. At least 20 million workers - one-seventh of the American workforce - are self-employed or working on contract. More and more firms are relying on these non-permanent but often long-term relationships with workers to get specific tasks done. A major reason is to avoid paying for health insurance and other benefits.
Several states are extending the time that children can be a dependent for insurance purposes. According to the New York Times, children in several states can now stay on their parents' health insurance plans well into their 20s.
Related: Boston Globe
Tags: Young Adults, Graduates, Health Insurance, Uninsured, Media by Sistrunk