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Document - 1. Your kids are covered. Starting this year, if...

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1. Your kids are covered. Starting this year, if you have an adult child who cannot get health insurance from his or her employer and is to some degree dependent on you financially, your child can stay on your insurance policy until he or she is 26 years old. Currently, many insurance companies do not allow adult children to remain on their parents’ plan once they reach 19 or leave school. (For background reading, see Health Insurance Tips For College Students.) 2. You can’t be dropped. Starting this fall, your health insurance company will no longer be allowed to "drop" you (cancel your policy) if you get sick. In 2009, "rescission" was revealed to be a relatively common cost-cutting practice by several insurance companies. The practice proved to be common enough to spur several lawsuits; for example, in 2008 and 2009, California's largest insurers were made to pay out more than $19 million in fines for dropping policyholders who fell ill. 3. You can't be denied insurance. Starting this year your child (or children) cannot be denied coverage simply because they have a pre-existing health condition. Health insurance companies will also be barred from denying adults applying for coverage if they have a pre-existing condition, but not until 2014. (Find out what the previous rules about pre-existing conditions looked like in Health Insurance: Paying For Pre-Existing Conditions.) 4. You can spend what you need to. Prior to the new law, health insurance companies set a maximum limit on the monetary
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Document - 1. Your kids are covered. Starting this year, if...

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