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first_imgBy Barbara O’NeillAre the children of service members covered by the federal health care law that allows adult children to stay on their parent’s health care plan until age 26?Yes. Congress passed legislation requiring TRICARE, the health insurance program for active and retired service members, to adopt the provision required for health insurance offered by civilian employers to extend health care insurance for young adults until age 26. An annually adjusted fee ($176 or $201 per month in 2012, depending on the type of plan selected) is charged for each young adult covered through a parent’s insurance. Young adult TRICARE premiums are based on recent medical expense data.Browse more military personal finance blog posts and webinars by experts.Follow Dr. O’Neill on Twitter!This post was published on the Military Families Learning Network Blog on May 6, 2013.last_img

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