The law aims to keep unemployed young adults covered. Here’s how:
- Medicaid expansion:
If you fall below an annual income of $14,400 per year, or have no income for a period of time, you will be eligible to enroll in Medicaid. The program will keep you insured until you are able find a job in which you receive an income of more than $14,400 per year.
- Increase Age of Dependents to 26:
Reform allows those under the age of 26 to be covered by their parent’s insurance. Unemployed individuals are eligible to receive this insurance, and do not have to worry about buying their own insurance. While the federal government mandates that dependents until the age of 26 be allowed to enroll in their parent’s plans, individual states have extended this provision beyond 26 years of age.