Young Adults & Health Insurance in Portage County: What You Need to Know

Navigating health insurance as a young adult can feel overwhelming, especially if you're transitioning off your parents’ plan or securing coverage for the first time. At Full Service Insurance Agency of Wisconsin LLC, we understand that finding the right health insurance package in Portage County, WI, can be challenging. Whether you’re turning 26, leaving school, or starting a new job, knowing your options is crucial to ensuring you're protected without breaking the bank.

Why Health Insurance Matters for Young Adults

Many young adults assume they don’t need health insurance because they’re generally healthy. However, accidents, unexpected illnesses, or even routine medical care can lead to high out-of-pocket costs without the right coverage. Having health insurance in Portage County, WI, means peace of mind and financial protection, so you can focus on your future without worrying about medical bills.

Your Health Insurance Options

If you’re aging out of your parent's health insurance or looking for independent coverage, here are your main options:

Staying on a Parent’s Plan

Under the Affordable Care Act, you can stay on your parent’s health insurance plan until you turn 26. If you're under this age and your parents have coverage through an employer or the marketplace, this can be a convenient and cost-effective option. However, once you hit 26, you’ll need to find a plan of your own.

COBRA Coverage

If you recently lost employer-based coverage (e.g., you left a job or aged out of a parent's workplace plan), the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows you to keep your previous coverage for a limited time. While COBRA maintains the same benefits, it can be costly since you’ll be paying the full premium without employer contributions.

Marketplace Health Plans

The Health Insurance Marketplace offers a variety of plans that fit different budgets and medical needs. Depending on your income, you may qualify for subsidies that reduce monthly premiums, making coverage more affordable. Open enrollment occurs annually, but if you recently lost coverage, you may qualify for a special enrollment period.

Employer-Sponsored Health Insurance

If you’ve started a new job, your employer may offer health insurance benefits. Employer-sponsored plans are often a great option because companies typically cover a portion of the cost, making them more affordable than individual plans.

Get Started Today 

If you're unsure which plan is right for you, consider these tips for finding affordable coverage:

• Compare Plans: Look at premiums, deductibles, and out-of-pocket costs to determine what fits your budget.
• Check for Subsidies: The marketplace offers financial assistance based on your income.
• Consider a High-Deductible Plan: If you're generally healthy, a lower monthly premium with a higher deductible might be a cost-effective option.
• Use Preventive Care Benefits: Most health insurance packages cover routine check-ups and vaccinations at no extra cost.

Need Help Choosing the Right Plan? Contact Us Today!

Finding the right health insurance package doesn’t have to be stressful. At Full Service Insurance Agency of Wisconsin LLC, we’re here to guide you through the process, explain your options, and help you secure a plan that meets your needs and budget. Give us a call at (715) 344-2377 or visit our health insurance webpage to explore your options today!