I am a CA resident. My D is in her 3rd year med school in CA and she will be turning to 25 in March 2018, at that time she will lose her medical insurance coverage from our company plan as a dependent. I am searching for her coverage right now, hoping it is not too late.
Under Obamacare, we can purchase insurance premiums costing from $250-$650/mon. There is also an option for her to go on medical(Social Security) as she does not have income. In little more than one year from her birthday in 2018, she will be able to start her residency and thus will not need to pay for insurance. Few questions:
1. If we go with the medical route, when should we start the application process? What kind of insurance will medical offer? Is it worthwhile to apply for it for such a short period.
2. What have you or your kids bought for your kids in graduate school? Does it warrant to buy a high level insurance? D is a healthy lady, no smoking and without any chronic illness.
3. Does your graduate school offer group student insurance(SHIP)? How do you feel about them?