03 April 2012 ~

College students deserve a break on health insurance costs

As a college student there are a lot of duties that you are now responsible for, that you never have had to deal with before in your life. Things such as paying for your own apartment, utilities, car payments, auto insurance, student health insurance and so on and so forth. I’m sure this be a lot of pressure for a young student to take on all by themselves.

low cost health insurance college students 300x202 Low Cost Health Insurance For College StudentsWhen it comes to figuring out which Low Cost Health Insurance for College Students option is best we are here to make sure this is not a confusing topic for you. So let’s go over some of the most common options that are available to you as a college student when it comes to healthcare.

 

 

Here are the options for Student Health-Care in the US

  • Parent’s group health insurance plan. If your mom or dad receives health care benefits through their employer, you may be able to receive health care services through that plan until you are age 26. Sometimes this is not feasible may be due to the cost of keeping adult dependent children on a group medical insurance plan. So most definitely check with your parents and see if you are already on their group plan or if you can be added.
  • School Sponsored Health Plan. Most universities offer health insurance for students a sponsored health care program through the school they attend. As a college student you want to make sure that you do your due diligence when reviewing your schools health insurance program for students. Do not assume just because it’s offered by your school, that you don’t have to review it. Here are a few items to look out for when comparing medical plans offered through your university:

Are you just covered on campus? It is very common for this kind of plan to only cover you while you’re on the school grounds. For example, office visits to physician might only cover using the school clinic. So if you needed to see a specialist, this may not be covered. Or if you need to go to the emergency room, it’s possible that is another expense that may not be covered as well.

Does this plan cover you on school breaks? Another fact to consider is that some of the school sponsored plans will not cover you while on spring break or any of the winter breaks. That is pretty significant if you think about it for second. One of the reasons have health insurance is to cover out-of-pocket medical costs, that basically come as a surprise. So if you are skiing in Utah with your friends over Christmas break, and you need to have an emergency surgery after an accident-you probably want to make sure that’s going to be covered, right?

  • Guaranteed Renewal Health Plan. This type of health insurance for college students policy is often referred to as major medical or an individual health insurance policy. These plans are sold on a month-to-month basis and you can keep them as long as you pay the premiums, for many years in fact. This is an important decision, and it’s vital that you have a health insurance policy that will expire when you need it most.
  • Short-term health insurance. A temporary health insurance plan is very much like a major medical policy, but it sold on a temporary basis. They are month-to-month plans and they usually expire after a six or 12 month period. These are perfect if you cannot afford an individual health insurance plan, or you just need coverage for a few months. Maybe you got a great job that offers group health insurance benefits after a probationary period, which usually lasts about 90 days. In this case a short-term medical insurance plan might make perfect sense for that situation.

However you choose to address your medical insurance needs, regardless if you go on your parents plan at work, enroll with your school sponsored health plan, or purchase your own individual medical insurance policy-it is oh so important to have access to quality healthcare.

While it is true if you have an emergency, your local hospital must see you. But, if you need any type of ongoing treatment, they do not have to treat you. You would simply have to pay cash. As a college student, you are most likely going to incur debt for school tuition-why take the chance of potentially ruining your future credit score, by not having adequate protection against mounting medical costs.

We offer a free comparison tool, which allows you to compare all of the  Low Cost Health Insurance for College Students options in your zip code, without needing to provide any personal contact information. If you choose to speak with a local agent, we have that option as well. But it is completely up to your discretion.

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