College Grads and Health Insurance

Graduation season is here! If you are getting ready to walk across the stage or have already gotten your diploma in the mail, it is time to start looking for the right job to start your career. Along with looking at the pay, it is important to consider the benefits package that is being offered to ensure that you are not left without health insurance coverage.

When looking for the right health insurance plan under the Affordable Care Act to keep you safe and healthy as a college grad, keep these tips in mind.

• Consider the deductible – the annual deductible is the amount that you will have to pay out of your own pocket before your insurance coverage kicks in. While a higher deductible means that you will have to pay more, it will also mean much lower payments throughout the year. Even if you choose a deductible that is a couple thousand dollars, you will still be saving money due to the high cost of doctor and hospital visits.
• Look at the location – health insurance costs vary depending on the area that you live. While it may be much more expensive to live in the city, it can also lead to lower health insurance costs. Keep in mind that each state has specific regulations that will affect the cost of health insurance, so do your research. When looking for the right place to put down your roots, make sure to look into the cost of health insurance.
• Go short term – short term health insurance plans are only designed to provide coverage for a specific, short period of time. These plans are not designed to cover the costs of a typical doctors visit, but will provide coverage if you have a serious illness. They also tend to be much more affordable than traditional, longer term policies.

Contact Michelle Lim Insurance Services Insurance in Alhambra, California when purchasing health insurance after your graduation.