As of September 2010, the federal government has legislated new rules regarding medical insurance for small business under the health care reform. ??For example, a small business medical insurance program must now provide coverage for employees' young adult children, up to the age of 26. ??This is one of the first major health care reforms to take effect under the health care reform legislation. Several federal agencies issued regulations to put this into action, and key elements of those regulations include:
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* Coverage Extended to More Children: The goal of this new policy is to cover as many young adults under the age of 26 as possible with the least burden. Plans and issuers that offer dependent coverage must offer coverage to enrollees' adult children until age 26, even if the young adult no longer lives with his or her parents, is not a dependent on a parent's tax return, or is no longer a student. There is a transition for certain existing group plans that generally do not have to provide dependent coverage until 2014 if the adult child has another offer of employer-based coverage aside from coverage through the parent.?? The new policy providing access for young adults applies to both married and unmarried children, although their own spouses and children do not qualify.
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