Graduation is a remarkable milestone. As you enter the next phase of your life, it’s critical to have a health coverage plan to protect you from unpredicted medical expenses.
What is the advantage of getting health insurance?
- Nobody expects to become ill or injured, but harmful incidents happen, even to young, healthy people. A broken leg can cost $7,500 for its treatment, and a three-day hospital stay can cost $30,000. That’s a lot of money, especially when you’re just getting started!
- Applying for the Marketplace program may be easier and faster than you think. You can find if you qualify for a health plan with income-based savings with just one application. You might be eligible for complimentary or low-cost insurance coverage through Medicaid.
Keep in mind: You can buy coverage through the Marketplace program if someone claims you as a tax dependent, but you won’t be eligible for savings based on your income.
How to obtain low-cost health insurance
- If you are under 30, you have several options for obtaining health insurance, some of which are tailored specifically for you.
- If you are below the age of 26, you may be able to join your parents’ health insurance plan.
- You can buy your Marketplace insurance plan through Insurance Shopping. Based on your circumstances, you might be eligible for income-based savings.
- If your student health plan expires, you move to a new state, or you experience some life changes, you may get approved for the (SEP) Special Enrollment Period to enroll in Marketplace coverage for the remainder of 2022.
- This means you won’t have to wait until the next Open Enrollment Period in the fall to apply for 2022 health coverage.
- Click to see if you’re eligible to apply right away.
Learn more about health insurance options for young adults.