Faces of the Affordable Care Act: Parents' policy fine for now, but then what?
Kurtis Williams isn’t a fan of the Affordable Care Act, but he does see at least one benefit to the new law.
“The one redeeming thing is, I’m on my parents’ plan,” Williams said.
Under the Affordable Care Act, children can remain on their parents’ insurance plans until they turn 26, even if they’re not financially dependent on their parents or are eligible to enroll in their own employer’s plan.
That gives Williams, 25, one more year to decide what he will do once he can no longer get coverage through his parents. Williams has asthma and allergies, which makes health insurance, especially prescription coverage, important to him. He also wants to be covered in case something unexpected happens, such as a car accident.
But beyond prescription and catastrophic coverage, Williams said he doesn’t have much need for other health plan benefits.
Williams works full-time at the Shilo Inn corporate office near Cedar Hills, Ore., but he lives with his parents in Vancouver. He hopes to soon move to Beaverton, Ore., to be closer to work.
Williams is eligible to get insurance through his employer, but the plan is costly, Williams said. The monthly premium is about $180, and the deductible is about $5,000.
“I wouldn’t even probably hit the deductible, so I’d just be paying out of pocket anyway,” he said. “So I don’t see too much use in that.”
If Williams remains in Washington, the state-based insurance exchange, Washington Healthplanfinder, may offer some less expensive options with the help of tax credits. But Williams may not be eligible for credits, even though his income is low enough.