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Robert Harsha, CFP®
Financial Advisor
Yellowstone Financial Services
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Young Adults Are More Likely to Lack Health Coverage

Children are often covered by a parent's health plan or by public health insurance such as the Children's Health Insurance Program (CHIP). But young adults generally lose eligibility for CHIP at age 19 and for coverage under a parent's health plan at age 26. Before they transition into employer-sponsored health plans or buy private health insurance, young adults are more likely to be uninsured than other age groups.

Percent insured by age group: Under 6=95.3%, 6 to 18=93.9%, 19 to 25=85.1%, 26 to 34=83.9%, 35 to 44=85.9%, 45 to 54=88.5%, 55 to 64=91.5%, 65 and older=99.2%.

Source: American Community Survey, U.S. Census Bureau, 2020