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Health Insurance for Recent Grads

Health Insurance for Recent Grads

By Lauren Bayne Anderson

May 06, 2011

If you can’t find a job in this tough economy, there are lots of things probably running through your mind: will I fall behind my peers? How will I pay my student loans? Will I have to go back and live with mom and dad again? And finally, what will I do about healthcare?

Well, even if you’re not living with mom and dad, the good news is, you can still use them to answer that last question.

Previously, most dependants had to be off the family health care plan when they turned 21 or graduated from college.

But thanks to Obama’s Health Care bill, you dependants can now stay on their parents’ insurance until the age of 26. So what are your options?

  • If you’ve got a job and it offers health insurance, congratulations! But before you accept, compare your job’s insurance to your family’s plan. Check for things like deductibles, co-pays, monthly costs and what doctor’s you can see.
  • If you don’t have a job, and your family has a health insurance plan you should probably elect to stay on their plan.
  • If your family doesn’t have a plan you can stay on, check to see if your school offers any benefits for graduating seniors. Almost all schools offer health insurance for students and some even continue to offer coverage through18 months after graduation. Or, if you can afford it, you can buy health care outright from an insurance provider.
  • If these aren’t options for you, check out any state-based insurance plans that were created under the health-care law.

  • If you still need more info, or still aren’t sure where to start, check out Young Invincibles, a website dedicated to helping graduates figure out their healthcare options.