From CNN Medical Producer Sabriya Rice
If your options are to 1) live with your parents or 2) go without health insurance, which would you choose? Well, a recent ehealthinsurance.com survey found 62% of college students would prefer moving back in with Mom and Dad! The downtrodden economy is making it difficult to find work. And often, no work means no insurance. It's a predicament leaving young Americans ages 19-29 among the largest group at risk of being uninsured.
So what are your options if you're an uninsured young graduate? First, find out how long you can remain a dependent. For many states the cut-off age is 19, but there are some exceptions. In Utah for example, state law says you can remain a dependent until age 26, regardless of whether or not you are a student. Several states have similar laws. State Health Facts Online and the National Conference of State Legislatures have links to help you find out what the age limit is in your state.
Also, shop around. If you're young and healthy, low rates aren't so hard to find. For example, ehealthinsurance.com did a search for us for rates for a healthy 24-year-old in several states, and found monthly premiums as low as $117 in Dallas, $136 in Chicago and $208 in Miami. These plans had deductibles of $1000, which isn’t a bad rate when you compare it with a $14,000 hospital bill. If you’re young and not so healthy, check out this week's Empowered Patient column, which is all about how to find health insurance when you have a pre-existing condition.