College Student Insurance
Do College Students Obtain Enough Health Insurance Benefits from Their Parents or University Health Care Plans?
It is important for both parents and their children to consider the insurance coverage needs for their students leaving for fall semester. Although university campuses do offer a basic health plan for students, the insurance coverage is minimal and does not provide coverage for big medical expenses that may happen.
Many students skip the school offered health insurance and instead remain covered by their parents' employer-provided health plans. However, due to increased health insurance costs, many students are switching over to the less costly college health plan which costs only up to $1,000 per year. This may not always be the best choice since the insurance coverage is very limited and if a major illness or accident does occur, the high costs that will follow will most likely have to be paid for by the student and their parents.
Health care representatives at Rutgers University in New Jersey find that several students in the university always exceed the previous year's maximum. Accordingly, Rutgers raised the insurance policy coverage rates from $50,000 to at least $100,000. The school admits that even then the health plan covers for most illnesses, but does not cover everything. Parents need to read through the health coverage plans carefully before purchasing them for their children.
Knowing what your student's insurance coverage limits are and how they relate to health care costs is very important. For example, in one case, a Ross University student was admitted to a hospital for a 48-hour stay which ended up only costing him $24,098. Thankfully, he had purchased the school's maximum $100,000 health insurance plan, which was more than enough to cover payment for his bills.
Students, their families, and colleges try to find health plans that are practical and affordable, but getting health insurance can be a risk for the student and their family. It is always a good idea for you and your family to consult with a health insurance specialist and determine what plans provide the best mixture of coverage and affordability.
Call the Jurewitz Law Group at (619) 233-5020 and begin your path to recovery with a no-cost consultation today.