QUESTION

I’m 59, my wife is 55, and our kids are 24, 17, 15, and 13. What age premium will we be charged for health insurance in the marketplace?

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ANSWER

Family premiums will reflect the composition of family members, their ages and their tobacco use. To compute a “family premium,” insurers will add together a separate premium for each adult age 21 and older. In addition, insurers can charge a separate premium for up to three children under age 21. In your example, your family premium will reflect three adult premiums and three child premiums. (45 C.F.R. § 147.102).

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