New grads make easy insurance mistakes

How to avoid making costly decisions about insurance quotes and plans

Graduating college is a significant milestone in a young person's life. In today's economy it can also be extremely stressful since many companies have hiring freezes in place.

But for grads that have a job and are relocating to a new house or apartment - there are a number of insurance considerations they should make.

One national insurance sales group is taking the upcoming National Insurance Awareness Day - June 28 - as a good time to remind young adults to look into renters insurance plans to protect belongings in an apartment and to take time to understand what type of health insurance they get from a new employer.

Since most students are on school or family health insurance plans, the transition to an individual plan is a big step.

Understanding health insurance plans - and individual options available outside of the workplace - is increasingly important for new grads and workforce veterans given the rising unemployment number.

People should be aware of what coverage is included in COBRA should they lose their job, how much it costs and how long it is available. If laid off, Americans should also investigate extensions for COBRA offered by the government.

Learn how easy and convenient shopping for health insurance can be. Get your free health insurance quotes today!

Posted: June 24, 2009

Related Health Insurance Articles