Will i lose my health insurance/coverage if i move out?

  • by Raymond Jaymes
  • Dec 04,2015
  • 7 answers

Alright, so im 21, male and i live in wisconsin. I want to move out and cant sign up for health insurance through my job until may 2016, my concern is that im being threatened to being taken off of my parents health insurance one i move out even though im not 26. So i wanted to know if they can really do that or am i really allowed to stay on it till im 26 even if im not living with them
wheather they like if or not. Because i have prescriptions i get every month and when i look at them the retail price is $179.99 and the other one is $49.99, but when i get them theyre $5 each, so im worried what will happen if i lose my parents health insurance from moving out how can i get my prescriptions if i have no health insurance and cant afford just the hundreds to have it a month without even including getting my prescriptions.


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Insurance Answers (7)

Flower 6 months ago

No, under the Obamacare law you can stay insured by your parents policy even if you move out or get married but unless their policy has non-network providers, you couldnt use it out of state. Who is "threatening" you?

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lucy 6 months ago

The law states you can stay on your parents insurance till age 26, but it is the parents CHOICE to do so, and it is NOT required by law. There is no requirement you must live at home to be on their insurance, and can live somewhere else and stay on their insurance. But, like the others stated, to drop you, they can only do during open enrollment which is only once a year. So, you would need to know when open enrollment is for them.
The retail price you see is what your parents insurance has negotiated with the pharmacy. Many times, when uninsured, the retail price could be much higher. You can find the "true" cost of your drugs by calling the pharmacy and asking them, (if) I have no insurance what would be the cost of the drugs you are taking to know for sure.
Why not stay at home till June 2016, since can sign up for insurance through your job in May, and the new job insurance would most likely be effective in June 2016.

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jmm2112 6 months ago

Yes, they can do that whether or not you move out. You remain on your parents' policy only at their option.

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Biff 6 months ago

they cannot remove you DURING the benefit year, so if you wait until after 1-1-16 to move , then they cannot remove you in 2016 until you get insured elsewhere

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StephenWeinstein 6 months ago

They can take you off it, whether or not your move out. You are not allowed to stay on it unless they want you on it.
If you want to be able to have insurance even if your parents don't let you stay on theirs, then buy your own insurance, through the exchange for your state, and pay for the insurance, yourself, without your own money, and leave your parents out of this.

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Insurance Pickle.com 6 months ago

They could take you off even if you live with them. It's their choice. So, you might want to find out when open enrollment is, because then you could move out the following month. They'd have to keep you on until the next open enrollment, more than likely.

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shipwreck 6 months ago

Your parents can keep you on but don't need to keep you on. They may be using this to control you or simply think if you can afford to leave home you can pay all your own expenses. Many employers make the employee pay part or all of the cost of insurance and you are costing them hundreds a month. If they aren't being controlling you might offer to pay them to stay on their plan. You need coverage so see if you have an event that allows you to buy on the exchange.

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