PHILADELPHIA (CBS) – There are health insurance options for recent college grads looking for jobs. A consumer specialist offers tips on what to look out for when deciding what plan may work best for you and your wallet.

College grads may be able to stay on their parents plan until age 26 in most cases. But that may not always go according to plan.

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“Maybe mom and dad aren’t working right now because of the economy,” says Mark Baker, a consumer specialist for United Healthcare’s Golden Rule Insurance Company.

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He says do your homework. One option could be a high deductable plan “…because they cost less than traditional plans and if you are going to keep it for a period of time but if you know you know you only need insurance coverage say for a couple of moths maybe a short term plan you can get on because its easy to apply for.”

He says make sure if you purchase coverage that it can be dropped without penalty if you find a job.

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Reported By John McDevitt, KYW Newsradio