Back to School
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Student Insurance is Afforadable
In preparation for the upcoming school season, the stores are filling up with back to school supplies and the smell of new pencils and paper is in the air. While most people think of the summer months as time off from school, it’s also a great time to encourage both students and parents to get a better understanding of their insurance options before heading back to school.
Many schools offer student health insurance plans, but sometimes the most inexpensive option for students is to remain on their parent’s plan. The Affordable Care Act requires plans and issuers that offer dependent coverage to make the coverage available until a child reaches the age of 26. In cases where the student is over 26 and not eligible for their parent’s coverage, they may be able to qualify for a subsidy through the Marketplace Exchange. Many colleges and universities require international students to take the student insurance offered through the university. Additionally, if your student is interested in studying abroad, it’s important to have these discussions now before enrollment periods end.
Student health plans typically offer lower premiums and lower cost-sharing compared to other options. These plans complement campus health centers and counseling services, and also offer access to travel assistance programs that include medical evacuation when students travel overseas. These benefits and programs, combined with worldwide coverage, might make a student health plan the right choice for parents and their students.
Before heading back to school, it’s important for students to know what physicians, urgent care facilities and hospitals are in-network in their given area. Make sure your student arrives with the necessary health insurance coverage, as well as phone numbers and provider sites to help find in-network care if and when they need it. The on-campus health facilities may not accept your current healthcare provider. Out-of-network expenses can be a costly mistake, and it’s better for the student to be prepared with names and phone numbers of in-network hospitals/physicians before illness occurs. With so many students in close contact with each other, flu season can run rampant through the dorms and classrooms.
If you would like more information on student insurance, contact a member of the ‘A’ Team!
- Human Resources E-Book
- 7 Risks of Studying Abroad
- Assurance Calculator: Total Cost of Employee Benefits
- Employee Benefits, Easy as 1-2-3 Webinar Replay
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