Health Insurance and Financial Literacy

PRIMARY GOAL: Ensure the adolescent understands their healthcare coverage options and develops financial independence.

Key Steps:

  • Navigating Health Insurance

  • ACTION: Provide guidance on how to maintain or switch insurance coverage after aging out of parental plans. Discuss options such as Medicaid, employer-based insurance, or other public programs for individuals with chronic conditions.

Example: Sarah attends a workshop hosted by a local hospital about choosing insurance plans. She learns that Medicaid will cover her medical expenses until age 26 if she qualifies.

  • Financial Management Skills

  • ACTION: Offer basic financial literacy education, including budgeting for medical expenses, managing bills, and understanding copays, deductibles, and out-of-pocket maximums.

Example: Sarah opens a savings account and works with a financial advisor to create a budget, allocating funds for medical expenses, such as copays and over-the-counter medications.

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