ACA Rate Rule for Dependent Children
The Final Rule directs all health plan issuers of non-grandfathered small group and individual plan coverage (on and off the Exchanges) to revise the member level rating age bands used for individuals 0-20 years of age from using one age band to now create 7 age bands.
The first age band cover ages 0-14, then single year age bands cover 15, 16, 17, 18, 19 and 20.
This change will align with utilization of services while smoothing rate increases over time. Kaiser
Life Insurance Buyers Guide
Video on how much coverage for death protection you need