Every year, very many families that have children graduating from the colleges and universities find themselves in the situation whereby they are required to replace the health insurance of their student because that student is no longer covered by the school-sponsored or family insurance plans.
The students in general rely on four major types of the health insurance namely the parent’s health plans, college-sponsored plans, supplemental cover and the commercial student health insurance plans. The health plans of the parent are in most cases provided by the employer while college-sponsored plans are provided by the education institutions for the duration that the student is going on with the studies. The college sponsored heath insurance cover automatically expires after the graduation from the campus. Each of these three types of student heath insurance schemes has its own advantages as well as disadvantages.
THE PARENT’S EMPLOYER PLAN
Advantages:
– there is no requirement for the enrollment action
– it offers the least additional cost the student’s parent
– It offers adequate coverage at the home
Disadvantages
– it does not offer full cover outside the United States
– depending on the terms and conditions of the policy, the cover may automatically terminate at the ages of 21 or 23 before the student has completed the studies at the college or university
– There are in most cases limited choices of the providers of the health insurance cover at the physical location of the college
COLLEGE HEALTH PLAN
Advantages:
– the cover may include some specified pre-existing conditions
– it is generally of low cost and hence affordable to most students
– It is the easiest insurance cover that student can access while on the campus
– The cover has very little expenses out of the pocket
Disadvantages:
– There is no health coverage outside United States
– Because it has limited cover, it does not offer adequate insurance against the high medical expenses
– There may be need of referral if the major care is required
– There many few providers of the health insurance outside the physical location of the college.
COMMERCIAL INSURANCE
Advantages:
– It offers both US national as well as international health coverage
– You can use any medical provider
– You can continues enjoying the cover after completing of the studies so long as you area paying the due premiums
– The issuance of policy is very fast
– Online enrollment is allowed
– The payment of premiums can be done on monthly basis
Disadvantages
– Because it is a deductible policy, it has higher out of pocket expenses
– The policy does not cover dental or eye care
SUPPLEMENTAL INSURANCE HEALTH COVER
Advantages:
– There are no deductibles
– It is cheap and affordable
– It is widely and readily available
– It has wide liberal eligibility s
Disadvantages:
– It is not comprehensive
– It has lower limits for coverage
If you want to acquire any of these covers at the most affordable rates we have made it extremely simple; enter your state zip code at top of this page and we will offer FREE health quotes which you can compare and then make your choice.