Having the right health insurance coverage can be the difference between having a healthy life and being forced to face medical issues alone and unprepared. If you’re like most people, you’re not going to want to pay top dollar for an insurance plan if it doesn’t give you enough coverage and flexibility to meet your healthcare needs in the long run. Therefore, it’s important to do your research ahead of time and find the best health insurance plans that are right for you, your budget, and your lifestyle so that you have all of your bases covered in case anything unexpected happens in the future.
1) Stay on your parents’ plan until 26
Most employers offer a health insurance option to cover their full-time employees, but young adults under 26 might not be eligible. Your parents’ plan is likely less expensive than an individual policy—even if they don’t live in your state—and can be a great way to stay covered until you find work that offers benefits. If you are going to sign up with an employer and/or do not have access to your parent’s health insurance through their workplace, compare policies before choosing one.
2) Choose the insurance according to your health history
Getting sick when you don’t have health insurance can be a huge financial burden, especially if you have an ongoing condition. If you don’t want to risk having your finances impacted by major medical costs, choose a plan that includes coverage for pre-existing conditions and pay more than average. Or go with something cheap until you know you won’t need to switch down the road. Both options are good!