Health insurance options for college grads - Chicago Tribune
Your son or daughter has just graduated from college and is looking for a job. What health insurance options do they have?
I asked several experts to help me understand the range of choices and what they might cost.
The good news is that under a new law that went into effect on Monday, parents in Illinois can keep children on their insurance policies up to age 26. The bad news is that young adults with chronic medical conditions may find it hard to secure coverage on their own.
Last year, the Commonwealth Fund, a health care foundation, reported that about one-third of young adults become uninsured for some period of time in the year after they graduate from college.
Should something happen—a car accident, say, or a sports injury—these young people could face significant medical bills while they’re trying to pay off college loans.
That’s why health care experts recommend that young adults purchase some kind of coverage. Options include:
guardian.co.ukHigher health care costs alone accounted for a $1500-per-car cost gap between GM and Japanese vehicles. GM will offer buyouts and early retirement packages to all of its 61000 hourly workers as it plans to shrink overall employment. Video: Inside Story - General Motors bankruptcy - 02 June 09
