Nothing is more important than health care to families. But did you know that if your child is graduating from high school or college, he or she may lose their health insurance if they don’t act now?
Under many health insurance policies, your child is probably covered under the parents’ insurance until the age of 25 as long as the child is a full-time student (19 is the cap if they are not a full-time student). If your child is graduating, he/she may not be considered a “covered dependent” any longer, particularly if he/she is not continuing his or her education. If that is so, then he/she has only a certain amount of time from the Qualifying Event date (graduation) to elect COBRA coverage to maintain health benefits. The clock may be ticking.
Be sure to speak with your health insurance agent or your Human Resources Department at work to assure that your child remains covered.
