Twentysomethings get their own health plan CNNMoney
It's key that these "young invincibles" sign up for a plan. Any insurance pool requires healthy people to pay into the system, so the risk pool is broad enough to keep premiums low.
"If people in their 20s don't get on board, this entire [reform] simply will not work," said Sam Gibbs, senior vice president of eHealthInsurance, an online marketplace for health insurance quotes.
That's why the law calls for a special catastrophic insurance policy that's designed to offer low monthly premiums and a $5,950 deductible. It will be offered via state-sponsored exchange programs to people under 30 who don't qualify for Medicaid and aren't covered through their jobs. Low-income households that are exempt from the insurance mandate can also choose to purchase this plan.
As with much of the reform language, details about the plan's cost and coverage are somewhat vague.
Gibbs estimates that premiums will be less than $100 a month, while Aaron Smith, co-founder of the activist group Young Invincibles, estimates a monthly cost of $138.
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