Health Insurance for Young Adults?

Question

What's the best insurance provider for young adults that are barely getting off their parents' insurance plan?

Answer 1

These are best.

Blue Cross Blue Shield
Celtic
United Healthcare
Humana
UniCare
Aetna
Assurant Health
Golden Rule
Kaiser Permanente

Answer 2

Actually a standard health plan is NOT the best way to go as they are tailored so that the healthy people who don't use it are paying the costs for unhealthy people.

What you want to get is an Health Savings Account (HSA), they were created in 2004 and a High Deductible Health Plan (HDHP). An HSA is basically a type of savings account, like a 401K, where you deposit money and you own it 100% and it collects interest and it's tax free. When you have a medical bill, you can choose to spend it how you want.

A HDHP is a very cheap plan, costs around $40/month and when you have a large bill it pays 100% after the first $1,000.

What this means is you put say $75/month in your HSA, which comes to $900 per year plus interest. You can spend this freely on small health costs. And if you get into a major problem, your HDHP will kick in.

You DO NOT want to get solo health insurance, it will cost around $400 per month and being healthy, it's a waste of money. At least with the HSA the money you put in you ALWAYS own, with normal health insurance the money goes down the drain.

Answer 3

Health insurance, if you're young, cash strapped, and healthy, may seem expensive and pointless. It's not. An ankle-twisting fall on a hiking trail, a broken arm in a friendly soccer game, bronchitis that turns into pneumonia—you're potentially talking thousands of dollars in medical expenses. See which of the following eight categories describes you, and check out the experts' recommendations. Our health insurance glossary will help with unfamiliar terms. You're moving from high school into the workforce. If your parents are covered through an employer, try to stay on their plan, says Kathleen Stoll, director of health policy at Families USA, a healthcare consumer advocacy group. It'll cost less than getting individual health insurance on your own because most employers pay a large part of the premium of a group plan. More than half the states require insurers to extend parental coverage to adult children below a certain age, typically 25 but as high as 30 in New Jersey. Your state insurance department or the National Conference of State Legislatures can fill you in. Downside: The cost could jump, depending upon the laws in your state. You're headed for college. Most public and private four-year colleges offer student health insurance plans for students who aren't covered through their parents. Premiums averaged about $850 for the 2007-2008 school year. That's roughly 80 percent cheaper than premiums for employer-sponsored group plans, according to a recent federal report.

Answer 4

well, if you go to school, they sometimes require you buy into their insurance scheme. You would actually probably get a decent deal i guess with a big school. If you work, your workplace might offer some kind of plan. I never really had any, i am young, i dont need it. I figure that if i get hurt at work, they pay for it, in the car, my car insureance pays for it, and im not unhealthy.

Answer 5

A job with health coverage . . .
If you are in college , your parents plan may still cover you.