At least 3 more health insurers will be getting an early start on making dependent coverage continuation benefits available to graduating college students.
The carriers – Humana Inc., Louisville, Ky. (NYSE:HUM); Kaiser Permanente, Oakland, Calif.; WellPoint Inc., Indianapolis (NYSE: WLP) – have joined UnitedHealth Group Inc., Minnetonka, Minn., (NYSE: UNH) in announcing plans to let graduating seniors who now get coverage through their parents’ plans keep that coverage until they turn 26.
The young adult coverage continuation provision in the Patient Protection and Affordable Care Act is not set to take effect until Sept. 23.
U.S. Health and Human Services Secretary Kathleen Sebelius had asked carriers to address the coverage gap.
“Following our initial conversations and outreach to insurers, we are encouraged by the actions of WellPoint, United Healthcare and other companies to bridge the gap between now and the fall when the [PPACA] law becomes effective,” Sebelius says in a statement. “We are also working hard with other insurers on similar proposals and sent a letter today offering to work with each of them to expand this opportunity even further.”
UnitedHealth already has been letting holders of individual coverage keep adult children on their plans until the children are 26.