Most companies surveyed recently by consulting firm Hewitt Associates say they will hold off on extending coverage to their workers' eligible adult children up to age 26 until 2011, when they must comply with a provision in the new health care reform law.

However, some companies are moving forward with the requirement early. Hewitt's survey of more than 500 large U.S. employers, representing 6.9 million covered employees, shows approximately 950,000 workers will be able to obtain health coverage for these dependents earlier than Jan. 1, 2011.

Of the companies that plan to extend coverage, 10 percent will voluntarily extend coverage early for all eligible adult children and another 9 percent will do so for graduating students already covered under the health care plan, according to Hewitt's survey.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.