If you’re under 26, it might seem easier to stay on your parents’ insurance, but it may not actually be the smartest decision. When parents add a child to their plan, it oftentimes increases their cost, so you might be better off getting your own coverage. For example, if your parents are paying $300 more a month to cover you on their insurance, but your job offers similar insurance coverage for $200, you’d save money by getting your own plan. At the end of the day, it’s important to have a conversation with your parents about this to potentially save money and make the best choice.