Taking A Look At College Health Insurance Plans

July 11, 2018

© Olivier Le Queinec | Dreamstime

Your freshly graduated from high school child will soon be on their way to the dorms of the college campus.  While most of your time these days may be to squeeze in a much family time as possible, making sure your children are safe at school is paramount and that may have involved investigating college health insurance options. About 10% of students get their health insurance through their school and although keeping your student on your insurance plan may be the best route, it is worth taking a few minutes to review a college health insurance plan. For instance, if your child will be attending school far away, your health plan may not cover doctors and therefore they'll have to go out-of-network, which can be costly. The way college plans are designed varies, so you’ll need to find out the specifics of the one your student's school offers. That includes how much you’ll pay in premiums, co-pays, deductibles, and what your total out-of-pocket costs could be. One possible drawback of the college health insurance plan is that it might provide coverage only during the academic year, so you may need to purchase a short-term plan, something many insurers offer, or shift your children back onto your insurance plan during the summer. Again, your current plan may be sufficient but the option is generally available so that you won't have to worry (too much) about their healthcare.

SOURCE: Consumer Reports

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