As thousands graduate from college across the state, most will endure a gap in Illinois health insurance. Even though the Patient Protection And Affordable Care Act (PPACA), assure coverage for young adults, corporations, small businesses and other employers are not grandfathering the dependent coverage until 2011. The issue leaves many Illinois graduates without feasible coverage until they secure employment.
Mike Novelli of Illinois Life and Health the president and a licensed agent representative of several major Illinois health insurance companies, alerts students and parents to consider a short-term health plan over COBRA benefits.
Although the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees or their family members, who lose those their Illinois health insurance benefits, the ability for continued coverage; COBRA premiums are generally higher than other health care programs.
Prior to opting to continue with COBRA benefits, students should compare the premiums to other creditable Illinois health insurance plans. Unless one suffers from a preexisting medical condition, Illinoisans have numerous affordable medical care alternatives.
For the graduate, whom is waiting for gainful employment, a short-term Illinois health insurance plan bridges the gap for temporary, but adequate health care. With unusual viruses, unforeseen major illnesses and even freak accidents, having medical coverage prevents the event of being left with exorbitant medical bills and thus financial devastation.
Major medical insurance agencies provide short term plans, broken up in various terms: 3-month, six-months or a year. Not to mention, some Illinois health insurance companies administer incentives for prepayments; however, remember to compare all the plan’s features (in example: out-of-pocket expenses, preventative services, premiums, and deductibles).
Some of the stipulations mandated in the PPACA have already been incorporated by certain insurance agencies. For instance, certain Blue Cross Blue Shield’s Blue plans already includes preventative services as defined in the PPACA.
Nonetheless, as additional policies go into effect for the Patient Protection and Affordable Care Act (PPACA), students will have the right to secure economical Illinois health insurance, minus any exclusions and restrictions as seen in the past.
IllinoisLifeandHealth.com offers complimentary Illinois health insurance quotes, advice and a wealth of information regarding Illinois medical insurance. Bookmark the site for the latest news, resources and no obligation quotes, online.
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Guest, Guest "What Are College Graduates Illinois Health Insurance Options?." What Are College Graduates Illinois Health Insurance Options?. 22 Jun. 2010. uberarticles.com. 4 Aug 2014 <http://uberarticles.com/finance/health-insurance/what-are-college-graduates-illinois-health-insurance-options/>.
APA Style Citation:
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