Graduation Insurance
Graduation from College is a wonderful event because it represents a enormous amount of achievement, experience and training. At this time, many people think about their commencement ceremonies and graduation gifts. However, there are also some practical financial realities which must be faced. Graduation means no more health care coverage under your college health care plan and, once you are no longer a full-time student, no more coverage under most of your parent’s plans.
Hospital stays and doctors fees mean that it is not a good strategy to think you are going to remain healthy or that you can wait until you get your first job for coverage. Not all employers offer health care coverage automatically, and if they do so there may be a waiting period. It could be just too life-damaging to come out of a walk-in care facility for a broken arm or leg with a debt of $30,000 - $50,000.
You have a some options available to you.
1. College Health Plan Extensions
Some colleges are now offering health care plan extensions for graduates for a short period of time at lower group plan costs for the graduation gap. You should check with your college’s business office before graduation. Sometimes, college alumni associations will also offer well-priced health care under a group plan that could cost less.
2. Temporary Short Term Health Care Insurance
It is possible to get health care plans on a month-to-month basis. The premiums are usually minimal. There may be no coverage for pre-existing conditions or payout caps, but many cover most procedures and general care at 80%, although the deductibles may be higher, in the $500 to $1,000 range.
3. Traditional Health Care Plans.
You can also purchase traditional health care plans. These are more expensive but usually more comprehensive. In shopping for traditional health care coverage, you should be sure to ask about drug prescription coverage, whether or not the plan covers pre-existing conditions, and what kinds of notification is necessary prior to having procedures down in hospital or in the emergency room. If you are looking to keep the cost of such plans down, you should consider raising the deductible, making sure you have several quotes from different companies for the best price, and considering an HMO, which may limit your access to specialists but still offers you coverage from a list of many health care professionals.
This site can help you locate providers, even in your local area; will give you free insurance quotes. You can also get free insurance quotes from top notch insurance companies such as Blue Cross-Blue Shield and Well Point at InsureMe.
So what are you waiting for? Get a free quote by clicking to the right today.
Hospital stays and doctors fees mean that it is not a good strategy to think you are going to remain healthy or that you can wait until you get your first job for coverage. Not all employers offer health care coverage automatically, and if they do so there may be a waiting period. It could be just too life-damaging to come out of a walk-in care facility for a broken arm or leg with a debt of $30,000 - $50,000.
You have a some options available to you.
1. College Health Plan Extensions
Some colleges are now offering health care plan extensions for graduates for a short period of time at lower group plan costs for the graduation gap. You should check with your college’s business office before graduation. Sometimes, college alumni associations will also offer well-priced health care under a group plan that could cost less.
2. Temporary Short Term Health Care Insurance
It is possible to get health care plans on a month-to-month basis. The premiums are usually minimal. There may be no coverage for pre-existing conditions or payout caps, but many cover most procedures and general care at 80%, although the deductibles may be higher, in the $500 to $1,000 range.
3. Traditional Health Care Plans.
You can also purchase traditional health care plans. These are more expensive but usually more comprehensive. In shopping for traditional health care coverage, you should be sure to ask about drug prescription coverage, whether or not the plan covers pre-existing conditions, and what kinds of notification is necessary prior to having procedures down in hospital or in the emergency room. If you are looking to keep the cost of such plans down, you should consider raising the deductible, making sure you have several quotes from different companies for the best price, and considering an HMO, which may limit your access to specialists but still offers you coverage from a list of many health care professionals.
This site can help you locate providers, even in your local area; will give you free insurance quotes. You can also get free insurance quotes from top notch insurance companies such as Blue Cross-Blue Shield and Well Point at InsureMe.
So what are you waiting for? Get a free quote by clicking to the right today.
posted by David Coleman at
5:48 AM
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