Coverage for College-Bound Kids: Finding Health Insurance for Your Student

You've done all you could to prepare your child forif you buy a student policy from a private insurer.
college. You've set rules, stated guidelines andOther student health plans are available through
communicated your expectations. You've done yourstudent-help organizations like the American College
best; you've covered all the bases. Or have you?Student Association (ACSA). Organizations like ACSA
Identifying Misconceptionsspecialize in short-term health insurance and study
When it comes to sending their child off to college,abroad coverage, which is especially appealing to
many parents make the all too common mistake ofstudents wishing to travel.
assuming that their child will be covered under theirTips to Remember
health policy--and that their coverages and benefits willMaking sure the student in your life has adequate
be the same while they're away at college.health insurance is important. As you ask questions
Unfortunately, that's not always the case. Manyand shop for health plans, consider the following tips:
insurers still cover dependents until age 23, but manyKnow the student's needs. Does the student have
are terminating dependent coverage sooner--some asallergies? A need for travel vaccines? Knowing what
young as age 18. Furthermore, college students thatyour student needs ahead of time will help narrow
attend school out-of-state may not receive all theiryour policy options.
benefits or may be charged additional fees for seeingKnow how long the student needs the coverage.
physicians out of the insurer's network.Many insurers allow you to purchase policies that last
So what's a parent to do?anywhere from three months to a year--determine
The Good Newshow long the student will need the policy to avoid
Fortunately, if a student isn't fully covered on a parent'spaying for extra coverage.
health insurance plan, there are affordable alternatives.Compare multiple policies. More health insurance
Generally speaking, college students and their parentsoptions mean more options to save. Don't forget to
tend to seek health plans from one of three places:compare policy benefits, deductibles and limitations
the student's college, a private health insurer or otherwhile searching for cheap health insurance.
student organizations.Don't skimp on major medical. Before buying a student
The majority of colleges and universities now offerhealth policy, make sure it covers major medical
student health insurance for their attendants, whichexpenses. The cheapest policy in the world won't
often consist of two or three policy options. Whilesave you money if it doesn't cover major medical
traditionally less expensive, the costs and coveragesexpenses!
of university-sponsored health plans tend to be moreLessons Learned
fixed, which may not meet needs of students withWhether you're a student yourself, or a parent seeking
pre-existing conditions.health insurance for a student, it's important to
Surprisingly, private health insurance for students isunderstand that health insurance is an important part of
fairly inexpensive. Private health insurance is anstaying healthy in college. Use the tips above to help
especially attractive option for parents and studentsyou find the best--and the cheapest--student health
because it typically covers a wider range of benefits.insurance policy!
Your chances of snagging discounts are also greater