Insure.com offers help to new college grads seeking health insurance options
EAST HARTFORD, Conn., May 30/PRNewswire/ -- For many college graduates, health insurance coverage stops when they hand in their mortar boards and gowns. Parents' health plans will usually drop students once they reach age 22 to 25, or earlier if the child is no longer a full-time student. For college grads who don't have jobs lined up that offer health insurance benefits, insure.com (a wholly owned subsidiary of Quotesmith.com) offers a wealth of advice and direction for securing insurance coverage.
These options include:
Option 1: Short-term health insurance
As its name implies, short-term health insurance lasts only one to six months. That makes it a potentially good option if you're between jobs or waiting for your employer-sponsored health plan to kick in. Coverage is generally comparable to that of an HMO or similar plan and typically includes various hospital charges, office visits, diagnostic tests, and prescription drugs.
Option 2: Catastrophic coverage
"Catastrophic health insurance" policies, as they are known, typically come with a very high deductible (ranging anywhere from $500 to $15,000) and a high maximum benefit payment, such as $2 million. They are intended only to pay for major hospital and medical expenses, not routine visits to the doctor's office or trips to the emergency room.
Option 3: COBRA
COBRA is generally purchased by people who are leaving a job and want to continue their current group health insurance, but it can also help young people who were previously covered under their parents' group health plan and then become ineligible because they reach the policy's age limit or are no longer full-time students. Those who were on their parents' policies can buy COBRA for up to 36 months
For more details on health insurance for recent college grads, see insure.com at http://www.insure.com.
About insure.com and Quotesmith.com
Founded in 1984, Quotesmith.com owns and operates two comprehensive online consumer insurance information services, www.insure.com and www.quotesmith.com. Catering to self-directed insurance shoppers, Quotesmith.com provides a comprehensive array of comparative auto, life and health quotes, including news, information and decision-making tools that are not available from any other single source. Visitors to the company's Web sites are able to obtain instant quotes from more than 300 leading insurers, achieve maximum savings and have the freedom to buy from any company shown. Quotesmith.com generates revenues from the receipt of commissions, fees, content licensing and advertising revenues paid by participating insurers. Quotesmith.com also provides personalized insurance brokerage and policy placement services for its customers. Shares of Quotesmith.com trade on the Nasdaq SmallCap Market under the symbol "QUOT."
Insure.com (http://www.insure.com) produces extensive reports about consumer insurance issues. With insure.com's interactive tools, detailed feature stories, helpful tips, and popular reader forums, consumers can become savvy insurance shoppers.
Insure.com was recently awarded 5 stars (the highest possible rating) from the Kansas City Star.
Insure.com's writers are available for media interviews on auto, home, health, and life insurance topics.
Cautions about Forward-Looking Statements
This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. Expressions of future goals and similar expressions including, without limitation, "intend," "may," "plans," "will," "believe," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. Quotesmith.com will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's ability to successfully launch and realize revenues from new products and services, potential business risks associated with generating revenues from the insure.com platform, limited e-commerce operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect Quotesmith.com's financial results are included in Quotesmith.com's Annual Report on Form 10-K for the year ended December 31, 2000, and Quotesmith.com's Quarterly Reports on Form 10-Q for the periods ended March 31, 2001, June 30, 2001 and September 30, 2001 which are on file with the United States Securities and Exchange Commission. This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of Quotesmith.com, Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions or fees to Quotesmith.com based upon premium volume or traffic activity produced by Quotesmith.com. Quote availability by state or any other factor is subject to change without notice. Quotesmith.com, insure.com, LTCompare and QuotesmithPro are service marks of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Copyright 2002. All rights reserved. Insure.com, Inc.