So, your dependent is turning 26? Will your “family” insurance plan continue to cover them throughout the year, or will they have to get a new policy independently? What happens to your plan and coverage after they turn 26?
The short answer is your dependent will need to get a new and individual plan after the existing coverage ends. This qualifies them for a special enrollment period.
After your dependent turns 26, your existing plan will remain the same unless you want to switch plans at that time. This also would qualify you for a special enrollment if you’d like to change plans. However, you will need three people or more to have a family deductible. If you only have two people on the plan, they will each have their own individual deductible and out-of-pocket maximum. It is best to contact your current insurance carrier for further questions or reach out to us if you’d like help looking at new coverage for yourself or your dependent.
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.
