1. 1805 POINTS
    Samuel SmithPRO
    Enrolled Agent-licensed to practice before the IRS, Samuel N Smith, EA, South Carolina
    There are two "age limits" restrictions for health insurance. The first is an individual has to be of legal age to contract. That age is 18. The second age limit is that when you turn 65 the insurance companies will require that you obtain Medicare. The only exception to that is if you are still working and the group plan allows an individual to remain insured past 65
    Answered on November 25, 2013
  2. 475 POINTS
    Michael Pelfrey
    Owner/Agent, Pelfrey Financial Services, Lexington, KY
    The age to remember with health insurance is 26.  Under the Affordable Care Act, children can stay on their parent/guardian’s health insurance until the age of 26 regardless of marriage status or enrollment in school.  After the age of 26, the person must obtain their own insurance.  Those under age 30 can obtain catastrophic insurance coverage for lower premiums than other ACA-compliant policies.  With a catastrophic plan, preventive care is covered, but the individual is responsible for 100% of the cost up to the out-of-pocket maximum, which is $6,350 for individuals.
    Answered on November 25, 2013
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