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MVP Health Care Eliminates Potential Health Insurance Coverage Gap for Many ... PR Web (press release)

27.04.10

Each year, especially around June following college graduations, many young adult college students who have been covered on their parents’ health insurance plans through student waivers "age off" their parents’ policy. Federal Health care reform legislation, signed into law last month, addressed this issue by extending the dependent age for coverage to 26. This new law, however, applies to policy renewals after Sept. 23, 2010. As such, many dependents would have faced a coverage gap during the months before this provision is fully implemented, which could take as long as a year in some cases.

"This is the right thing to do, and it is something we can do now,” said David W. Oliker, MVP Health Care President and CEO. “Realizing that this component of health care reform legislation would not be phased in for several months – after many young people lose their coverage because of their age, student status, or other factors – we concluded that it was vital to close this gap and extend coverage.”

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