New Grads Need Short-Term Medical Coverage

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College graduates need more than a job and housing, they may also need short-term medical insurance. This is especially important for those grads who are no longer covered by their parents' insurance, but their employee benefits don't start immediately.

With college graduation season quickly approaching, the class of 2006 is busy finding jobs and places to live. But other needs may not be as apparent – like finding short-term medical insurance. Products like GradMed® (http://www.GradMed.com) are specifically designed to protect students who are waiting for coverage to be activated at their first job.

This is particularly important because health insurance – either through parents or school – often ends at graduation. Without coverage for the gap between school and getting a job, new grads will be required to pay 100% of any expenses incurred for medical care, which could total thousands of dollars, depending on the accident or illness.

“The challenge is getting students to realize the importance of short-term medical insurance,” said Elissa Connor, Vice President for Insurance Administration at American Insurance Administrators. “We’ve seen too many examples of why this type of coverage is needed. We had one customer incur over $5,000 in bills because of a fall on a rainy night. It’s nearly impossible to avoid this kind of accident, and new grads often don’t have the financial resources to cover the resulting bills.”

GradMed makes obtaining short-term medical coverage easy. The application process can be completed online, with coverage starting as soon as the next day. Multiple coverage periods are available – starting at just 30 days – to make finding the appropriate length of coverage even easier.

Policy details vary by state. Visit http://www.GradMed.com to see complete information and rates based on age, gender and geographic location.

American Insurance Administrators (AIA) is a USI Affinity Company, a division of USI Holdings Corp. AIA is headquartered in Columbus, Ohio and has been marketing and administering insurance plans specially designed for graduating students and alumni since 1978. For more information or to see a list of participating schools, visit http://www.AlumniInsuranceProgram.com. USI is a leading distributor of insurance and financial products and services to businesses throughout the United States. USI is headquartered in Briarcliff Manor, N.Y., and operates out of 68 offices in 18 states, http://www.usi.biz.

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Emily Deree
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