Many college students are faced with the situation of being uninsured once they graduate. If they were insured under a family plan with their parents or under a university plan, they are no longer eligible for those plans and may have a gap in coverage until benefits begin with their first professional job.
Whether an individual is laid off or simply quits their job, they leave behind their medical benefits. While they may choose to extend that coverage through COBRA, many find COBRA to be too expensive, especially without the income they once had. HCC Life STM is an affordable COBRA alternative.
Even if an employee goes straight from one employer to another, they may face a waiting period for the employer-sponsored coverage to begin, causing a gap in coverage.
Each state’s law mandates the maximum age at which a dependent child may continue to be covered under their parents’ plan. Some states allow them to stay on longer if they are enrolled as a full-time student. However, at one point or another, dependent children will become ineligible under their parents' plans.
Individuals who retire before the age of 65 may be faced with a gap in coverage before they become eligible for Medicare.
