Signing up for Medicaid after you’ve been on your parent’s health plan


Dear Insurance Adviser,
If someone wants to obtain health insurance coverage via Medicaid but is currently under a parent’s plan, what is the first step? Do you drop your existing insurance first to apply for Medicaid, or do you apply for Medicaid while you still have the other coverage?
— HeatherHome mortgage
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364925BF-22D7-405E-BBD3-A35489D76575 Created with sketchtool. Looking for a cheaper policyBuying/renting a new houseJust browsing Is this a new home purchase? Yes No Square Footage

364925BF-22D7-405E-BBD3-A35489D76575 Created with sketchtool. <1,0001,000-2,4992,500-4,9995,000+ Find matches QUICK FACTS 47D79854-EFBD-4BA8-9B92-D5A7629F8F80 $382/year average savings through Bankrate Two-thirds fraction 2 out of 3 homes are uninsured Home insurance contract 1 out of every 20 insured homes makes a claim each year Circle with checkmark 100% of homes need insurance before getting a mortgage Hero images/Getty Dear Heather, Under the Affordable Care Act, also known as Obamacare, you can legally stay on a parent’s policy to age 26. You don’t have to be living at home to qualify. I definitely would not drop that coverage until new coverage is nailed down. If you are turning 26 now and that’s the reason for the change, you will have an open enrollment period for obtaining your own policy. If your income is small enough, you can qualify for Medicaid by applying for insurance online through the health insurance exchange for your state. And even if you don’t qualify for Medicaid, the exchange might show that you are eligible for a significant amount of help with health insurance premiums.If you are not yet age 26 but your parents want you off their policy for whatever reason, they should wait until late in the year, when Obamacare has an open enrollment period.Medicaid rules and eligibility are set by each state. So, depending on which state we’re talking about, you may be able to apply for Medicaid directly, without going through an exchange.I hope this helps. Good luck. Ask the adviser To ask a question of the Insurance Adviser, go to the”Ask the Experts” page and select “Insurance” from the drop-down box. Read more Insurance Adviser columns. Bankrate’s content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. The content is broad in scope and does not consider your personal financial situation. Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances before making any final decisions or implementing any financial strategy. Please remember that your use of this website is governed by Bankrate’s Terms of Use. Related Links: 10 dogs most often blacklisted by insurers If life insurance money goes to a man’s brother-in-law, can closer kin call dibs? You might need insurance for fracking earthquakes if you live in these states Related Articles: Defend against hurricanes Teen driver and insurance Dental scams that bite

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