26 Year Olds On Parents Insurance

[mwruckman]

Originally Posted by malamute

The parents' costs should drop when they aren't having to cover baby children. There can be a significant difference when paying for self/spouse/children or self/children and self/spouse or self.

And yes keeping children in school until their mid-30's is not going to be a good trend. At some point they're going to have to grow up and start working for their living and if they're well into their 30's before they take their first job, they will not adjust too well.

I was a university student until I was 29 to become a physicist capable of doing original science. Before I got a job doing physics I was 31 . America has maybe fewer than 50,000 people like me and we are the the people who will draft the technology of tommorow along with several hundreds thousand Americans in other sciences and engineering professionals. In physics you asctually don't get into a career position where you actaully can have an opinion in our R&D establishment until you reach age 40.
You are free to have ideas and opinions but you learn to keep you dam mouth shut. Now the fate of many younger Americans is by the time they are able to start a career they are going to have to be live in care givers to their partents who will die with out their help and can't afford to be thrust on the care of institutions. So it may not be so odd for a 40 or 50 something to like with Mom and Dad.

[KathrynAragon]

Originally Posted by Smash255

Not at all. Many kids coming right out of college do not land jobs with good insurance plans right off the bat. My cousin got sick when she was 23 (out of school, no insurance), she was in the hospital and wound up with bills in excess of $40,000 (this was prior to the healthcare bill).

If this was in place at that time, it would have been covered by her parents insurance, but since it wasn't you have a 23/24 year old with upwards of $40-$50k in medical debt

Have you talked with her lately? I wonder how much of that bill was waived by the providers after a year or so? This is a pretty common practice.

[Smash255]

Originally Posted by KathrynAragon

Have you talked with her lately? I wonder how much of that bill was waived by the providers after a year or so? This is a pretty common practice.

Yes, and it wasn't waived.