Tuesday, February 3, 2009

College Graduates: Do You Have Health Insurance?

By Kaitlin Lanier

For juniors and seniors (especially seniors), graduation continues to loom closer and closer. Although most students don’t really want to view it as a reality, it definitely is one. Not only is graduation a concern, but so is a student’s health insurance situation. Students that are insured on family or college health plans will most likely find themselves without health insurance once they receive their diploma. With the country deep in recession, finding a job that provides health insurance is not as easy as it has been. Therefore, as college students move toward graduation, they must keep in mind a few things concerning their health insurance needs.

In a health insurance plan, the deductible is the amount that must be paid by the insured before the insurance kicks in. Typically, a higher deductible means a lower monthly payment. Although a high deductible can mean a high bill if the student is injured, it is fairly easy to borrow money to help. Therefore, if a student is searching for a low monthly payment, a high deductible insurance plan would be ideal. There are also short-term health plans, which are designed to provide coverage for a short period of time. They would satisfy students that need coverage for a year or so until a job is secured. Also, make sure to fully research health plans. Different states have different regulations and offerings that each student should be aware of. Most importantly of all, consider all options before going without health insurance. Issues that require health insurance have a tendency to happen when they are least expected. Don’t be caught by surprise.

Health Insurance for College Grads by Thomas M. Anderson
Health Insurance Tips for Recent College Graduates by eHealthInsurance
Insurance Alternatives for College Grads by Matt Egan

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