Adults Will Be Enefitted By The Upcoming Health Law, Says Commonwealth Fund

A recent study has stated that 1.2 million young adults will seek health insurance next year, reason being the new rule that will become functional in next four months. This health plan allows the adults to stick to their parents' employer-based policy till they reach 26 years of age.

The study was conducted by a New York-based private organization collecting health-system performance, known as Commonwealth Fund.

The estimated numbers of adults have been stated by keeping in mind the 650,000 youngsters who have not yet opted for insurance and will possibly grab the opportunity this time.

It is also expected that about 550,000 adults who own individual policies that are not related to their jobs will prefer being under parent's plan. This is because the advantages of the new plan are more easily accessible and also more detailed.

It is known that if individuals do not have parent-coverage extension in the Patient Protection and Affordable Care Act, students following their graduation lose health insurance of their parents' plan.

Overall, 14 million young adults of 19 to 29 years of age had no health insurance in 2008, which was the year of the downturn. But as by 2014, the new Federal health reform law will become fully functional, most of the uninsured young adults will benefit.

Senior Vice President of Research and Evaluation at the Commonwealth Fund, Cathy Schoen said that before the implementation of the health law, many adults will witness some helpful alterations and in coming September, parents of these youngsters will be profited.