Health Insurance for New Graduates

Graduation is not the end; it’s simply the beginning of a new life ahead. Once you graduate, you have to face the real world. To some, it can be a bit scary, but for those who are smart enough to plan their life ahead, it’s also the best time to purchase health insurance.

If you shop around, you will be able to find a suitable health insurance plan. College graduates have to attend to a lot of things like finding a good job, a decent place to stay, and repaying student loans. Since you were a child, you were greatly dependent on your parent’s health insurance. Now that you moved out from your home, you should also think about getting your very own health insurance.

Even if you’re healthy and young, you will surely need health insurance. You’re just starting a new life and you need to learn how to handle your finances wisely. Just think of it this way – if you suddenly meet an accident or you got sick, you will need to spend huge money on medical bills. This can be very difficult especially if you don’t have enough cash but with the help of health insurance, you can easily overcome this situation without exhausting your financial resources.

You must be aware that you have many options when it comes to purchasing health insurance. In the US, you can choose among the many insurance companies and various kinds of insurance plans or policies.

Firstly, you need to choose between indemnity plans and managed plans. Indemnity health insurance plans are expensive than managed plans. If you’re looking for flexibility in terms of coverage, the former is far better and it’s worth the money. Confusion should be the last thing on your mind because if you’re confused, you won’t be able choose the right health insurance plan.

With the indemnity health insurance plans, you can choose your doctor, hospital, specialty clinic, or lab. You should remember that with this kind of plan, you will have to spend your own money (or deductible) and afterwards, the coverage will be applied. Deductibles ranges from $100 to more than $1,000 but it all depends on the policy you’ve purchased. You will also need a co-payment with this kind of plan. On the other hand, managed plans are more affordable but you have limited coverage.

The choice is yours. As a new graduate, you need to be responsible for you actions. Choose your health insurance plan wisely.