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To our policyholders in areas affected by wildfires in designated California counties: Butte, Lake, Mendocino, Napa, Nevada, Orange, Solano, Sonoma, and Yuba, as well as those in areas affected by recent hurricanes in Puerto Rico and the Virgin Islands, please know that the thoughts and prayers of everyone at Aflac are with you. We are working with government agencies that represent all declared disaster areas, including those under emergency order, to ensure we do everything possible to help you. Based on that guidance, we have extended the due dates for policy premiums by 60 days for those living in places that have been declared disaster areas or are under emergency order. If you have a question about your policy or need help, contact us at 800-992-3522. To help with the recovery, Aflac made a $500,000 donation to the American Red Cross, and our employees are making their own private contributions. Please be safe, as the care of you and your families is paramount.
A nuestros asegurados en las áreas afectadas por los recientes huracanes, queremos que sepan que todos en Aflac estamos pensando en, y orando por, ustedes. Estamos trabajando con agencias del gobierno que representan todas las áreas declaradas como zonas de desastre, para asegurarnos de hacer todo lo posible para ayudarles. Basándonos en su consejo, hemos extendido por 60 días las fechas de vencimiento de las primas de las pólizas de aquellos que viven en áreas declaradas como zonas de desastre. Si tiene una pregunta sobre su póliza o necesita ayuda, contáctenos al 800-992-3522. Para ayudar con la recuperación, Aflac ha donado $500,000 a la Cruz Roja Americana y nuestros empleados están efectuando sus propias donaciones. Por favor cuídense, ya que su bienestar y el de sus familias está por encima de todo.
Young adults may feel invincible, but it was not long ago that insurance policies could drop their benefits because of their age – leaving many without a safety net for accidents, illnesses or even routine health care. Extending dependent coverage to young adults until age 26 was one of the first and most popular parts of the Affordable Care Act (ACA) to take effect. Below are straightforward answers to frequently asked questions about the law’s dependent coverage extension and what parents and their adult children need to know as their children approach their 26th birthday.
A. The law requires private health insurance policies that offer dependent coverage to cover adult children under the age of 26, regardless of their financial dependency on or residency with their parent, student status, employment status or marital status, including major medical insurance and certain excepted benefits such as voluntary insurance. Though the law does not require all plans to offer dependent coverage, if the plan does – that coverage must be extended to young adults up to age 26.
A. Plans are free to choose to extend dependent coverage until the end of the year, but technically the law only requires it to insure dependents up to their 26th birthday. That means that if a dependent turns 26 on July 17, 2017, the plan is only required to cover the dependent through July 16, 2017. The rules are slightly different for grandfathered plans, which can drop dependent coverage before a dependent’s 26th birthday if the dependent can enroll in an eligible employer-sponsored health plan. Since every health plan is different, employees should check directly with their employer or insurer for the most accurate and helpful information.
A. An adult who is aging out of their parents’ plan may have several options:
A. This question requires a two-part answer:
A. Voluntary benefits are also extended to dependents under the age of 26. Though voluntary insurance is not major medical coverage and does not meet the definition of minimum essential coverage under the ACA, these benefits pay cash to help cover bills and out-of-pocket costs not covered by major medical insurance.
Regardless of your major medical coverage, voluntary insurance benefits help pay for costs such as deductibles and copays, mortgage and rent payments, groceries and other costs that add up when you are sick or injured. Learn more about voluntary insurance at Aflac.com.
For more information about dependent coverage, please visit:
This material is intended to provide general information about an evolving topic and does not constitute legal, tax or accounting advice regarding any specific situation. Aflac cannot anticipate all the facts that a particular employer or individual will have to consider in their benefits decision-making process. We strongly encourage readers to discuss their HCR situations with their advisors to determine the actions they need to take or to visit healthcare.gov (which may also be contacted at 1-800-318-2596) for additional information.
This article is for informational purposes only and is not intended to be a solicitation. Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York.