Posts Tagged - ‘college graduates’

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Adult Children On Health Insurance Plans? Not So Fast

Tuesday, June 1st, 2010

Image: gcoldironjr2003 under CC 3.0

Although Secretary of Health and Human Services Kathleen Sebelius has asked health insurance companies to extend coverage to adult children until the age of 26–who would otherwise age out of their parents’ plans or become ineligible upon college graduation–immediately, they aren’t legally mandated to do so until the first plan year beginning after September 23rd.

Actually, most health insurers have agreed to do so. It’s the employers who are holding out until the last minute. Most corporate health insurance plans don’t renew until January 1st. That leaves newly minted university graduates in the lurch for several months.

Even those companies who are willing to retain existing coverage won’t let young adults whose coverage previously lapsed re-enroll until next year.

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Student Health Insurance Stays Active During Summer Vacation

Friday, May 21st, 2010

Image: USA Mission Canada under CC 3.0

Good news for many college students: in most cases, your student health insurance won’t expire during the summer, even if you just graduated.

Of course, it depends on the particular plan; make sure to call your health insurance company to find out if you can keep your coverage over the summer months. If not, you may need to buy short term health insurance for the interim period.

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