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Money Buzz 06/05

Three ways to insure your recent graduate

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

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

"Full-time students can usually get coverage under theirparents' employer policies," explains Sara Collins, seniorprogram officer at The Commonwealth Fund. "But when youngadults 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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