The number of young adults turning 26 in New York alone will be 280,000 this year. Many of them will be off their parents insurance and will definitely want to weigh the pros and cons of buying health insurance. According to Univera Healthcare going without health insurance will definitely be a huge risk as treatment for a something as simple as an ankle sprain could cost $1000.
For something more serious like a fracture could cost as much as $8000. Some young adults may want to take the risk, though they will face a penalty while paying their income tax. Some young adults working a job could enroll for coverage through their employer. Others could buy a plan through the state's health exchange, college students could be covered through their university's student health plan. Students will be able to buy cover under the health plan. For students who meet certain requirements, the government funded health insurance programs.
Young adults usually go through life without health insurance as they believe they will not fall sick or get injured. Whereas, in reality thousands of upstate New Yorkers will face unforeseen health issues, a severe case of bronchitis, or a slip on ice resulting in bone injuries for example.
Benefits of health insurance can include health check -ups, gym membership and prescription drug coverage. The deadline to buy health insurance through the New York State of Health is Feb. 15. But for individuals experiencing a major life event - such as a marriage, the birth of a baby or turning 26 and aging off of a parent's health insurance plan - there may be an opportunity to enroll after the Feb. 15 deadline.
Source: Richard Vienne