published to June 4, 2020
Graduation is an important milestone. As you embark on the next stage of your life, it’s also important to have health insurance to protect yourself from unexpected medical bills.
Reasons for choosing health insurance
- No one intends to get sick or injured, but bad things happen, even to healthy young people. His broken leg cost him $7,500, and three days of hospitalization totaled $30,000. That’s a lot of money, especially if you’re just starting out!
- Signing up for the Marketplace may be quicker and easier than you think. With one application, you’ll know if you’re eligible for health insurance with income-based savings. You can get free or low-cost coverage through
- Note: If someone claims you are a tax dependent, you can purchase a plan from Marketplace, but you won’t be eligible for income-based savings.
How to get affordable health insurance
If you’re under 30, you can get health insurance in a few different ways. Some of them are specially designed for you.
- If you are under the age of 26, parent’s health insurance plan.
- You can purchase your own Marketplace plan at HealthCare.gov. In some circumstances, you may be eligible for savings based on your income.
- If your student health insurance ends, you move to a new state, or experience other life changes, you may be eligible to enroll in Marketplace Insurance for the remainder of 2020.
- This means you don’t have to wait until the next open registration period this fall to apply for 2021 coverage.
- See if you can apply now.
Learn more about Health Insurance Options for Young Adults.