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Money Buzz 06/05

Three ways to insure your recent graduate

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This story appears in the June 2005 issue of Entrepreneur. Subscribe »

Shopping for a graduation gift? At a time when fees for a one-day hospital stay can run $3,000, health insurance may be your best bet. Nearly half of high school grads who don't go on to college and 38 percent of college grads are uninsured at some point during their first year after graduation, according to a 2004 report from The Commonwealth Fund, a New York City-based private foundation supporting independent health research.

"Full-time students can usually get coverage under their parents' employer policies," explains Sara Collins, senior program officer at The Commonwealth Fund. "But when young adults leave school, they may be unemployed for a period [of time] or find temporary jobs that don't come with benefits."

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