Graduate student health insurance is a great option for both students currently enrolled in school and those that have just graduated. If you have recently graduated and need something to hold onto for a few months until you get that first job then graduate health insurance is perfect for you. Health insurance is very important to have in any and every stage of life so you do not want to be without it, even if just for a few months. Anything can happen. Getting a degree and a job is alot to focus on. Health insurance should be the easy part.