College Student Health Insurance

By: EconomyWatch Content   Date: 24 February 2010

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Most colleges have made it essential for students to have health insurance coverage. In fact, if the students do not provide the proof of insurance at the time of enrollment, colleges enroll them under their student health insurance plans. The cost of this is added to the total fees.

Many colleges also have health centers that provide treatment facilities such as immunization, routine check-ups and prescription drug fulfillment. The availability of such facilities makes student health insurance even more economical to buy.

Why College Student Health Insurance May Cost Less

Factors such as availability of emergency care or medical assistance can encourage student health insurance providers to offer a rather bigger coverage at economical terms. As most colleges have in house medical facilities, it is more economical to buy college student insurance than opt for a general health insurance.

Technically, due to the availability of medical facilities in the college campus, these insurance plans need not provide comprehensive coverage. That is exactly why they are economical for students.  

As these insurance plans are valid only for the time-period that a person remains a student, the providers set lower deductibles and offer coverage for a short time. Also, as the students are healthier, the risk of reimbursement decreases significantly for the issuers. The premiums of student health insurance reflect this.

Go Shopping For the Best College Student Health Insurance

As the rates and benefits vary largely in the insurance market, it is best to shop around and compare the various options before settling down for a particular student health insurance.

Compare on the following factors:

·        The maximum amount of coverage

·        Deductible amount

·        The total cost and how it changes with different deductibles

·        The extent of coverage and the exclusions

·        Restrictions on physicians/doctors to refer to

·        Referrals to see a specialist

·        Coverage when travelling

·        Pre-approvals from the insurance company to see a health-care provider

Also, look for efficient customer service and fast connectivity. You don’t want to be struck with an emergency and not be able to reach your health insurance provider. Remember, the customer service of a student health insurance is as essential as its features. Instead of rushing into a deal that looks attractive, take your time to enquire about these factors as well.


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