Why is keeping children on parent's plan till 26 so popular?

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The thing is 99 percent of 26 year olds should be on catastrophic plans with 10k plus deductibles. Not on these ridiculous cover everything plans.

Michael Berry had an expert on his show this evening explaining the details of the new plan, both positives and negatives. Though it is a bit ridiculous, to cover children until they are 26 only makes up about 1% of the costs.

A) Because most parents probably don't care to pay the extra premiums (they typically aren't that high). B) The extra money is pretty good for insurance companies because they collect premium on a group of people who are highly unlikely to have claims that are higher than the collected premium. C) Younger people get to have coverage during the years when they are trying to figure their shite out. It's the rare situation where it's a win for pretty much everyone involved.

Advanced degrees? Law school, Medical school, etc. I will gladly have my son on my plan, as long as he's enrolled in a meaningful post grad degree, because he's my son.

Is it really that costly? Let's be honest, not many 26 year olds frequent the doctor with serious medical issues, and most pay a higher rate for 2+1.

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Why is keeping children on parent's plan till 26 so popular?

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The same reason multi-generational homes are a thing again. And that marriage and fertility rates are so low among the non-welfare classes.

Namely, that the economy is so great!

People flat-out no longer have any confidence in the future.

My kid was in Medical school until 26 and needed the coverage. Otherwise, he would have had to take out a very large private policy from the medical school. But of course your underachievers probably don't need such things to ride on that garbage truck

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I mean, I get why it's a good thing but if any costly portion of the plan should be given up, wouldn't it be that? If a person can't secure a decent job by the age of 26...

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myriad of reasons

1) They are the least expensive to treat, so its cost effective

2) They are the least likely to carry insurance, so they don't help balance the pool for the elderly

3) Parents are more willing to cough up the extended bucks for the protection, than the kids are for themselves

4) This generation is becoming lazy shits

5) This generation are coddlers who are used to participation trophies, its their right to be given free shite

6) Lots of kids are really still dependents until they finish college around 23. This just pads them a few years, to secure employment