In keeping with our college graduation theme of the week, today we’re going to dive into some key tips regarding health insurance. It was easy growing up, going to dentist appointments or routine check ups with your family doctor and not having to worry about the cost, since you were covered under your parents’ insurance policy. But now that you’re grown up and a real person with a real job, that insurance coverage is going to be your responsibility now, to make sure that you’re covered properly.
Below are some great tips to help you swim through the river of CT health insurance jargon:
1. If you’re eligible, look into staying under your parents’ plan. With the new health reform law in place, dependents (like you) are given the opportunity to stay on your parents’ health plan until age 26 in most cases. Compare the costs though, between premium costs vs. buying your own health insurance.
2. Going off of number 1, it actually may cost less to buy your own health insurance. Make sure you fully grasp the plan that you are buying, what it covers and what it fails to cover. Know what you are responsible for paying and learn the key terms like ‘deductible’ and ‘premium’.
3. Research high deductible plans. Since you’re young, chances are you’re pretty healthy and at low risk of high healthcare costs, so by choosing a high deductible plan,it can help make health insurance coverage more affordable.
4. Know for sure if you can drop your coverage without a fine or penalty if, as luck would have it, you stumble into a great job that offers health insurance benefits. Then your problems are solved!
If you have any more questions, don’t hesitate to contact one of us at Paradiso Insurance! We’re here with all of your CT insurance advice!
