Health Tip

One-third of the 45.8 million Americans who don’t have health insurance are between 18 and 24 years old, according to aetna.com. Because life is unpredictable, purchase health insurance to protect yourself from financial ruin.

Most students should be covered by their parents’ insurance if they’re enrolled full-time and are less than 23 years old. For students who aren’t covered by their parents’ plans, the University of Kansas offers basic health insurance for about $70 a month and more comprehensive health insurance for about $160 a month. For more information, visit www.studenthealth.ku.edu.

Graduates who were previously covered by their parents’ policies have 60 days to contact their insurance companies and request an extension to maintain coverage after graduation. Under the federal Consolidated Omnibus Budget Reconciliation Act, students are eligible to receive an extension of up to three years by paying the monthly premium and a two-percent administrative fee. Grads who weren’t covered by their parents’ insurance should buy a short-term insurance policy, which usually runs about $80 a month.

Tip: Try to set up a higher deductible (the amount you pay if you get hurt) to get a lower premium (the price you pay each month), says Jim McLaughlin of Thomas County Insurance Agency, 843 New Hampshire St.

 

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