UTEP senior Robert Pandy has never given much thought to health insurance, but he might have to once he graduates in December.

Pandy, 22, is now covered under his parents' health insurance policy, but the coverage could expire when he is no longer a student.

"It's important to have (health insurance), but at the same time I think I could live without it and hope my luck doesn't run out," Pandy said.

Insurance companies are hoping to fill the health insurance gap for students like Pandy during the time they are dropped from their parents' policies and enrolled in policies at new jobs.

"For students in particular, and people in between jobs and just starting out in life, that's the least time in life you can afford to have large medical bills," said Ellen Laden, spokeswoman for Golden Rule Insurance Co., a UnitedHealthcare company based in Indianapolis. "It's before you've really accumulated any income and any savings, and that's when large medical bills can wipe you out financially."

Short-term health insurance policies are widely available, and industry organizations suggest that people interested in buying one take the time to shop around.

"I think it would be a great opportunity," said Allison Panganiban, a University of Texas at El Paso student now covered by her parents' policy. "When you get a degree, you're not always certain you'll get a job immediately, so it's a good option."

Laden said today's plans offer flexible deductibles, premiums, durations and payment options, often allowing for quick enrollment and changes if other insurance options arise.

"Sometimes you're lucky and you don't get sick and don't need it, but anything can happen at any time. It's roulette," Laden said.

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Erica Molina Johnson
El Paso Times

Erica Molina Johnson may be reached at emolina@elpasotimes.com; 546-6132.

Copyright © 2004 El Paso Times.