Nearly 2 million college students across the country will collect their diplomas this spring. Once the celebrations have ended, these new grads will face many important life decisions for the first time, including what to do about health insurance.
Whether they have a job lined up with health benefits pending, are staying on their parents' health insurance until age 26 or are considering buying their own coverage for the first time, it's important to know the options that are available and how to make the best choices.
Recent reports indicate that many young adults continue to assume both financial and health risks by going without health insurance coverage. Although being able to stay on their parents' plans until age 26 has reduced the numbers of uninsured young adults over the past few years, nearly three in 10 people ages 19 to 34 are uninsured. This is the highest proportion among all age groups measured in the latest U.S. Census data.
2014 will bring changes to the health insurance market that may affect many young adults, so it is important to make smart decisions today to help protect their health and finances.
UnitedHealthcare's Golden Rule Insurance Company (www.goldenrule.com) offers these tips to get started:
New grads and young adults purchasing health insurance for the first time can also check out this YouTube video.
A leading provider of health insurance for individuals and families for more than 65 years, Golden Rule has been a UnitedHealthcare company since 2003. UnitedHealthcare's personal health and dental plans are offered in 46 states and the District of Columbia, and marketed under the UnitedHealthOne brand. For more information, consumers can call 800-444-8990, visit www.goldenrule.com or contact a local independent insurance broker offering their plans.