For New Grads, Health Insurance Can Be an Issue
Graduating from a Johns Hopkins University master's degree program and securing a full-time job at an environmental think tank meant Nisha Krishnan had to make a big financial decision: What to do about health insurance?
Sure, she could have gone with her employer's insurance, but knowing that landing a job in this economy doesn't necessarily mean keeping one, she did not want to rely on her company for health care. So the 23-year-old Mount Pleasant resident decided to search for her own insurance. "If I change jobs I won't have insurance," she said. "I don't want to be in a situation where that happens."
A number of graduates this spring will go through the same grueling process. Even before this recession, 20-somethings made up the largest group of uninsured people. Not having health insurance is one of the biggest mistakes young people can make. Accidents happen.
Krishnan, who will earn a master's degree in applied economics this month, turned to http:/
For all you college graduates trying to sort out your insurance, here are some tips from eHealthInsurance.com:
Learn the lingo. Terms you'll need to understand: co-payments, coinsurance, out-of-pocket limit, and lifetime maximum.
Talk to an agent. If you have a pre-existing health condition, a licensed agent can help you figure out whether or not your pre-existing problems would exclude you from qualifying for an individual policy. Talk to your doctor.
If you are temporarily unemployed, consider short-term health insurance. It typically lasts six months and can be a good way to prevent a health insurance gap when you are looking for a job.
-- Nancy Trejos