When you reach 21, prepare to say goodbye to coverage from your parents' health insurance. It's time to stand up for yourself so to speak. But how to do that when you're just out of school and probably still without a stable job? Here's how:
1. Stick to a low-cost health plan.
Keep this in mind, the higher the deductible - the amount you pay before your insurance takes effect - the lower your monthly payments are. A plan with a high deductible offers you substantial coverage at a lower cost.
2. Opt for a shorter coverage.
If you have a job lined up that includes good HMO coverage, you only need health insurance for the time you are unemployed. For this, a plan that offers a shorter coverage is best since you only need it in between jobs.
3. Look for a health plan supplement.
You can supplement a short coverage insurance plan or a low cost one with a membership to an online consultation service. They are convenient and affordable since most services offer multiple packages for varying budgets.
By: Kristine Gonzaga
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