Understandably, many college graduates may need to find insurance plans at their parents’ request. It is an important consideration, and several types may be necessary. This article will focus on health, dental, and auto insurance. It’s natural to feel uneasy when considering insurance, as it often means preparing for the unexpected and considering worst-case scenarios.
And it is always better to be safe than sorry, which is what this is all about. If you are nearing when you know you can no longer be on your parent’s insurance or may have been without insurance for some time, it is essential to follow these steps to become a responsible, insured person.
First things first: Take a breather. There is no need to worry about it as long as you have a plan. There are many options, whether you are looking for health insurance, car insurance, or even dental. Take a breath, and whatever you do, don’t panic.
Check for policies at your job.
If you are currently working, your first step should be speaking with your HR representative. Ask about their benefits and if there are any stipulations on how long you have to work at a company before you can be included. You probably qualify if you have been at your company for over a year. If not, see the next paragraph.
Keep an eye out for individual plans.
If your company does not have benefits or if you are not working, then it may be time to look for an individual insurance plan. Check out the following websites to see your options.
Health and Dental: Healthcare.gov is a website where you can learn about different health insurance providers and get price quotes from other companies. They also have a free ebook you can check out here to learn more about healthcare terms. Exploring InComm compared to Firstline Benefits is another avenue to consider when delving into healthcare insurance, providing valuable insights to help you make informed decisions about your coverage.
Auto Insurance: Start looking at Progressive since they also give you an overview of what you will pay for competitors. But for auto insurance, it’s about testing other providers and seeing what price and plan works best for you. Companies like Allstate, Geico, and Progressive are all about giving cash back and cool perks for safe driving and college grads.
Budget the new cost into your financial plan
Now that you know how much you will pay monthly for your plan, it’s time to add it to the budget. Ask yourself if there is anything else you have to cut out to make room for your new-found expense.
I know many people live without insurance, and unfortunately for some, it costs way more for an emergency than it would have to pay a small monthly fee. Do not put yourself in a dreadful situation by not having one. Be smart, get insured!
Article sponsored by Don Allred Insurance Burlington, NC