Question: I’m 57, my spouse is 55, and our kids are 23, 17, 15, and 13. What age premium will we be charged for health insurance in the Marketplace?
Answer: Family premiums reflect the composition of family members and their ages. 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.