Friday, October 23, 2009

10 Tips for the New Grad Looking for Health Coverage

9. If you buy an individual policy, don't lie about your health history on the application. It may come back to bite you. "If you don't mention you have asthma and have a horrible attack and end up in the emergency room, [the company will] go back and look," Metcalf said. "They'll not only not pay for that but will cancel your insurance."

10. If faced with a choice between limited coverage or a high deductible, choose a high-deductible plan with more comprehensive benefits. Some parents even may want to fund a health savings account as an inducement for an invincible-feeling adult child to see a doctor when needed, Metcalf said.

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By Kristen Gerencher, MarketWatch

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