As a recent college graduate or someone who is preparing to graduate college, you no doubt have a lot of different things on your mind. You might be wondering where you are going to work and how to find a job. Maybe you are trying to avoid moving back home with your parents and are thinking about where you would like to move and how that will affect your job search. For some, you might even be wondering how you are going to support yourself and pay for rent, food, gas, utilities, and student loans. These are all big questions, and you will undoubtedly discover answers. However, you need to add another concern to your list, if you haven’t already, and that is the matter of remaining insured after you graduate.
For some recent graduates, staying on your parents’ health insurance is an option, and it may be the best option you have available. However, other recent graduates may not have that option, or it may not be the best fit for your needs. For those who find themselves in the latter, uninsured situation, you cannot afford to not have health insurance. Of course, as a recent graduate or someone preparing to graduate, you likely cannot afford to pay too much for your insurance. A solution to your healthcare dilemma is short-term medical insurance.
You might be thinking, “What is short-term medical insurance?” Short-term medical insurance is not overly complicated and, in fact, it is exactly what you might think: a medical insurance solution that is typically effective for a short period of time. Typical short-term medical insurance policies last anywhere from a month to six months; it just depends on how long you need the coverage. Short-term medical insurance provides you with the right amount of coverage for any transitional period of your life. Whether you are in between jobs, waiting for your benefits to kick in, or graduating college, short-term medical insurance is there to provide you with the insurance solutions you need.
As someone who probably has never looked for or needed to find an insurance plan, you may not know exactly what to look for. Health insurance for young adults is no different than any other type of plan, and you need to know exactly what you are getting into before you sign any kind of paperwork. Every insurance plan is slightly different, which means you need to research a few different plans before you actually decide which plan is right for you. Short-term medical insurance is designed to keep you protected in the event of an injury or illness. However, you need to make sure you are getting the proper coverage for your needs. In order to find the right short-term health insurance for young adults, here are some things you need to know and understand.
Riders: A rider is simply an additional policy that you can add onto your main medical insurance policy. Typically, riders include things like dental, vision, and sports coverage.
Copayment: You might be familiar with copayment plans, but not every insurer offers copayments. In some cases where a copayment is not offered, your deductible might need to be a higher dollar amount. This means the insurer may only rarely pay for medical treatment. Plans that offer copayments allow you to pay a minimal fee when you visit medical providers such as urgent-care medical facilities while maintaining a lower deductible. This limits your overall liability to a greater degree.
Maximum: Be aware of the maximum amount of coverage your policy offers. You may find that some plans offer much higher maximum coverage than you need, which will raise the premium price of your policy. Instead, try looking for plans that offer you flexibility in terms of your maximum and find one that offers you a high enough maximum at the right price.
Coverage Area: Another thing to consider while searching for the right insurance policy is any medical provider network restrictions. When insurers offer specialized coverage like short-term medical, some restrict the coverage area and apply a penalty for use of doctors outside their network. Instead, look for a medical plan that allows you to go to any doctor and does not limit coverage if you seek treatment outside the designated network.
You may not be able to find the perfect insurance solution, but after some research you should be able to find one that provides you with the benefits and coverage that you need. Not knowing exactly what you need can lead to overpaying for a policy or not having the right amount of coverage. Be sure you understand the policy before you sign it and begin paying for your coverage.
HCC Medical Insurance Services (HCCMIS) knows and understands that finding the right insurance solution right after graduating from college can be overwhelming. Since you may never have purchased health insurance before, HCCMIS aims to make finding and purchasing benefits as easy as possible while providing you with all the coverage you need during your transition from school. Some of the key benefits of the short-term medical plan provided by HCC Life Insurance Company (HCC Life) offered by HCCMIS include:
No physical examination needed: Unlike many insurance companies, HCC Life does not use medical exams to assess your application and decide if you will be offered coverage or not. HCCMIS offers a short online underwriting application to determine if you are eligible for coverage. If eligible, you will receive immediate confirmation of your policy.
Applying is free: Instead of charging you an application fee for your short-term medical insurance, HCC Life allows you to apply online at no cost whatsoever.
Ability to choose your own doctor: HCC Life does not charge you out-of-network penalties, which means you are free to choose your doctor and where you seek medical treatment and procedures.
Copayment option at urgent-care facilities: Pay a low copayment in order to see a doctor at urgent-care facilities. You must still satisfy the deductible.
10-day money back guarantee: If unsatisfied, simply submit a written cancellation request within 10 days of purchase. If no claims have been made, a full premium refund will be granted.
In order to see the other benefits HCC Life offers you in a short-term medical insurance policy, simply click here and then choose your state. Once you click on your state, you will be able to review the coverage provided to you under the short-term medical insurance policy. Unfortunately, HCC Life does not offer coverage in Minnesota, New York, Vermont, Massachusetts, or New Jersey.
Another great feature offered by HCCMIS is the use of the online plan management tool called Client Zone. Once you have purchased a short-term medical insurance policy from HCC Life, you can log in and update your information whenever you need to. You will also be able to access other important information regarding your plan.
Change your personal information: Whether you need to change your address, phone number, or e-mail address, you do not need to call someone at HCC Life. You can simply log in and change the information yourself. No hassle at all.
Learn how to file a claim: If you are unsure about how to file a claim, you can use the Client Zone to learn how as well as download any of the necessary forms.
Access to health and wellness information: As a client of HCC Life, you can download, read, and learn about different health and wellness issues. Education is one of your best tools in preventing and avoiding health problems.
Staying insured may not be on the top of your priority list as you prepare for graduation, but you need to know how important it is to stay insured. If you become injured or ill and you do not have insurance, you will have a lot of high medical bills to pay that you may not be able to afford. It is a great idea to find a dependable short-term health insurance plan that will keep you covered.