Tuesday, May 16, 2006
Graduation day is just around the corner, but it's the parents of these young students who still require remedial education on whether their health plans cover their children and also the options now available for short-term medical insurance.
Findings from a recent national survey of the college parents revealed that only 24 percent were highly confident that their adult children would immediately find a job after college that provides health insurance. Yet, less than one in three was aware that they could buy short-term medical insurance for these young adults for as little as $52 per month.
The research was conducted by College Parents of America and Assurant Health. It reaffirmed the results of a previous Assurant Health survey, which showed 40 percent of parents mistakenly believed that adult children (ages 21 -- 25) living at home were covered under their health insurance plans.
"We hope this sends a wake-up call to the tens of thousands of parents who do not realize they may be at great financial risk right after their children graduate," said James A. Boyle, founder and president of College Parents of America, the only national membership association dedicated to advocating and serving on behalf of current and future college parents.
posted by kanth
@ 4:00 AM
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