Many college and university students are able to remain covered by their parents’ health insurance policy, even after they have turned 18 and left the nest. This is because most health insurance policies still consider these individuals as being dependents of their parents because they are enrolled in a college or university. Do not be mistaken; you can not stay in school until you’re 40 and expect to still be covered by your parents’ health insurance policy. Each health insurance company has its own policy rules and regulations.
However, not every college or university student is covered by his or her parents’ health insurance policy and must seek health insurance elsewhere. Undoubtedly, obtaining low cost health insurance is the goal; luckily, it is a goal that can be achieved.
Below are three tips to help you get low cost student health insurance.
Decide on payment options. Before you even begin your search for low cost student health insurance, take a look at your budget, how much you will be able to afford, and how often you will be able to afford it. While paying monthly seems cheaper and easier, you can usually get discounts by paying semi-annually or annually. Plus, paying semi-annually or annually allows you time to save up, which means you will be ready to send the check when the time comes, rather than scraping to make ends meet each month.
Keep searching. Not every health insurance company offers low cost student health insurance in your state. In other words, you may find it difficult to find one. Don’t give up too soon; remember, there are other health insurance companies out there.
Do not limit your options. In the event that you just can not find a low cost student health insurance policy for students residing in your state, you may also want to apply for an individual and family health insurance policy, especially if you have dependents.