Best Health Insurance Programs for Florida Young Adults

If they are young, healthy or have shortage of funds, young adults might feel that health insurance is rather expensive and pointless. This is however not true. For instance, an ankle twist caused by a fall during hiking, an arm broken during a soccer game, an instance of bronchitis unexpectedly turning into pneumonia – can take away thousands of dollars from your savings or might find you embarrassed. Therefore, depending on their life status, young adults need to choose the right kind of health insurance policy in Florida that addresses their healthcare and emergency needs.

For those young adults moving out of high school into the workforce, it is advisable to stay covered within the health insurance policy of their parents. This will cost lesser than getting an independent health insurance plan in Florida. In other words, if the young adults are unmarried and are below the age of 26, they can be covered by their parents’ health insurance policy in Florida unless and until they get their own employer sponsored health insurance coverage.

Those young adults heading towards college life can get the health insurance coverage in Florida under the plans offered by the colleges. Most private and public colleges in Florida offer student health insurance plans meant for those young adults who are not covered by their parents’ policies. The annual premium for these health insurance policies might cost about $2,400, while the average is around $850. This is actually not more than one-fourth of the cost of premiums for employer-sponsored group health insurance plans in Florida.

Jobless young adults can very well stay covered under the health insurance policy of their parents in Florida until the age of 26. New graduates can seek health insurance coverage in Florida under the plans offered by the alumni associations. Usually, these plans offer health insurance coverage for about six months, which can also be longer occasionally. New graduates can also get a discount.

Self-employed young adults in Florida can go for some less expensive health insurance plans offered by some private health insurance carriers. This will usually cost lesser than other similar options. Information regarding such plans can be got from the consumer representatives working in the state insurance department. However, subscribers need to bear in mind that the lower the rates of premium, the more are the deductibles and the cost that they need to bear from their pocket (copayment). People with smoking habits and those with chronic ailments can be either rejected or an amount more than what is shown will be charged.

Those young adults in Florida who have just got a job need to know that the employers in most cases will pick up a considerable share of the premiums. This will make the health insurance policy less expensive in Florida. In such cases, Health Savings Accounts are the best options since they will make saving meaningful by carrying it forward to the next spending year besides making the amount tax-deductible.