The health reform law regarding covering kids up to age 26 on a parents' plan actually started in 2010 and will remain in effect even after most of the other provisions of the law become effective next year. So, children can remain on your plan. For now, if they have an offer of coverage through an employer, they have to take that coverage instead-- until 2014. After 2014, your kids can stay on your plan up to age 26 even if they have another option through their job.
Hi Patty, this is an issue of concern for many families. The law states that employer-sponsored health insurance is "affordable" if individual coverage doesn't exceed 9.5% of your annual income. It doesn't include the cost of family coverage, which is obviously much higher. Under the law if you have an offer of affordable employer coverage you're not eligible for subsidies through the marketplaces, meaning your family will have to pay the full cost of coverage with no financial assistance from the government. You can shop outside of the marketplace if you wish and if you're not eligible for a tax credit you may find broader options available to you. You can work with an agent.