Graduation is an exciting milestone that marks the beginning of a new chapter, usually entering the workforce. As you wade into the job market, securing health insurance is an important step.
But what if your new job doesn't offer health benefits right away?
Thankfully, you have a few options to bridge the gap until coverage kicks in. Here's a breakdown of your health insurance choices during this time:
1. Staying on a Parent's Plan
Many employer plans allow young adults to stay on a parent's plan until age 26.
2. Short-Term Health Insurance
These plans offer temporary coverage, typically for a few months.
3. Health Insurance Marketplace Plans
The government-run marketplace offers a variety of ACA-compliant plans with guaranteed coverage.
4. Private Individual Health Insurance
You can purchase individual plans directly from insurance companies.
When evaluating your health insurance options, you must consider your individual needs and budget. If you're healthy and expect to find a job with benefits soon, a short-term plan might be sufficient.
However, if you need more comprehensive coverage or have pre-existing conditions, exploring the marketplace or private plans is a better choice.
Remember, this is a temporary bridge. Once you secure a job with health benefits, then you should transition to their plan as soon as possible. Maintaining continuous coverage is important to avoid any gaps that could impact your future insurance options.
To get started, research plan options in your area, marketplace websites, and private insurance companies. Seek to match the available choices with your budget and health needs.
Contact one of our insurance agents for personalized guidance if you're unsure. By understanding your health insurance options, you can make informed decisions during this exciting time in your career journey.
Our firm is staffed by proven insurance professionals committed to providing our clients with highly personalized service.
Contact Information
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Phone:
(484) 257-5575
Email:
omar@osp-financial.com
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Important disclosures about Medicare Plans: Medicare has neither endorsed nor reviewed this information. Not connected or affiliated with any United States Government or State agency. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.