Experts say unemployed graduates should obtain insurance to avoid pre-existing condition denials.
USA Today (7/17, Walbaum) reports that an “an estimated 1-million” college alumni will be “dropped from their parents’ health insurance coverage upon graduating this year,” according to the National Association of Colleges and Employers (NACE); and “replacing that insurance is a problem for former college students because they’re often short on cash.” Although their best bet would be to “aim for the most affordable plan: health insurance through employers,” NACE data indicate that “more than 2.5-million recent college grads are unemployed.” Still, experts caution that graduates “shouldn’t join the ranks of the uninsured.” For one, something unpredictable “could plunge them deep into debt.” But also, if graduates wait too long to get health insurance, “insurers may deny coverage, especially if they’ve had any major medical issues within the past five years.” Blue Advantage, the individual plan offered by Blue Cross and Blue Shield of North Carolina, currently allows dependent children to remain on their parent’s plan until the age of 26, regardless of student status.
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