Thursday, September 2, 2010
Members, please log in to access our exclusive Online Planning Service
Not a member?
Register today to become a member
Learn more about membership
Frequently, when your student graduates from college, his or her status and eligibility for health insurance also changes.
As a result, College Parents of America recommends you carefully evaluate two of the most common options for new graduates: 1) temporary insurance; and 2) high-deductible permanent insurance.
If you are confident that your new graduate will soon find full-time employment with health benefits, then temporary insurance may be a good option.
GradGuard's temporary medical insurance is an affordable form of medical insurance designed for individuals in between jobs, such as recent college graduates. The GradGuard product is recommended by College Parents of America.
This short-term insurance product is a great fit for recent grads no longer covered by your insurance or a university's health insurance plan, but who need to protection from life's accidents and medical emergencies.
Specifically, buyers of GradGuard's temporary medical insurance receive:
No medical exam is required and your new graduate can receive coverage the next day. Some exclusions apply.
A second option is to consider a high-deductible permanent health insurance plan. This is ideal if your new graduate is uncertain if or when he/she will be covered by a company health plan or if there is a family history of chronic health problems. Start early in securing permanent health insurance for your new graduate by comparing three of the most popular health insurance plans from Assurant, United Health or Humana.
College Parents of America recommends parents seeking permanent insurance receive a multi-carrier quote at www.NGIHealthPlans.com.
Get a quote on Short-Term Medical Insurance.GradGuard is a service of Next Generation Insurance Group, LLC. The Short-Term Major Medical Policy is administered by Health Plan Administrators, Inc., a fully licensed, full service Third Party Administrator. The insurance company is Standard Security Life Insurance Company of New York has a Best's rating of A- (Excellent).