A shocking 30% of students in the United States do not have health insurance. While many educational institutions have made healthcare coverage mandatory, students end up seeking financial assistance from their parents. David, Manager of Insure4USA.com says, "Students do value health insurance but seem to be ill-informed of the costs and benefits. What happens is that many end up seeking financial assistance from their parents or discontinuing their studies, which is really not an option."
Insure4USA.com, a leading provider of online insurance services, recently released an article 'Health Insurance for Students' to educate students on various ways to save money on health insurance, and most importantly, continue their education uninterrupted. The article also highlights various health plans, their benefits, and drawbacks. David adds, "Students needn't face multiple challenges when it comes to health insurance. With a bit of basic knowledge they can go about making a more informed decision when shopping for a policy."
The article also highlights the fact that college students need to be aware that they are not entitled for cover under their parent's health plan after a certain age. Options such as COBRA that provides extra coverage do not work out cheaper than purchasing a new health insurance policy. Moreover, COBRA mandates that students have a specific amount of credit hours to become eligible.
Students attending colleges with an on-campus clinic or hospital stand to benefit from procuring a college health plan through Health Maintenance Organization (HMO). These plans provide adequate healthcare coverage as long as the student is registered with the college. In addition, they are affordable as compared to other commercial health insurance plans.
According to David, it is important for students to understand the terms and conditions of a policy before opting for one. Moreover, with many insurance providers in the market, students need to be extra cautious. Armed with the right knowledge, students can compare policies and purchase one that suits their needs, and most importantly, their budget. David adds, "There are affordable plans like the managed care health plan, and students need to look at every possible avenue to procure the maximum cover at the best possible price."
Insure4USA.com urges students seriously consider their options when it comes to health insurance. Emergencies are unpredictable, and possessing adequate healthcare coverage is the only way to deal with these situations without causing any undue financial stress. The key is to compare health insurance quotes of major providers before selecting one.