Being a college student means entering new territory, including learning how to assume new responsibilities yourself instead of relying on your parents to take care of everything. Insurance definitely falls under this category. Out of the various types of insurance available, health insurance is arguably one of the top priorities for all students. However, if you’re clueless about this topic, there’s no time like the present to find out this information and how it applies to your situation.
The first step to take is to determine whether or not you are currently covered under your parents’ health insurance (you’d be surprised how many parents do not discuss this subject with their adult children). Set some time aside to talk with your parents and ask if you can get a copy of their policy to review, if you are indeed still covered through their policy. If you are covered, do your homework and read through the policy carefully in order to understand what type of coverage you have. Don’t be afraid to call the insurance company directly to ask questions, if necessary. Additionally, it doesn’t hurt to ask the company if they will allow you to receive coverage for a period of time after your college graduation and/or what conditions could cause you to get dropped from your parents’ policy. The last thing you want to do is lose your coverage and not even be aware of it.
The age that a parent’s policy can cover their child varies from state to state. In most cases, it is between the age ranges of 19-31 that you will stop being covered under your parents’ health insurance policy. Instead of waiting for that to happen, it is best to do research ahead of time so that you’re fully prepared and knowledgeable about what type of health insurance policy to purchase and how to find a rate that you can afford. The Internet is the main resource you can turn to in order to get free insurance quotes from different companies to see who is offering the best deal. Remember, only purchase coverage that you’ll need—paying extra for something that doesn’t apply to you will only be a waste of money.
Another possible option for college students in need of health insurance is to seek assistance through their school. Virtually every college and university has a student health center/clinic that provides free as well as low-cost services, including distributing medication. Find out what health plans are available for students and sign up if you meet the eligibility requirements. Compared to traditional plans, you can stand to save a lot of money in the long run by receiving health insurance through your school. Students with certain health conditions or who rely on certain prescription meds can benefit greatly from this type of coverage. Consider this option first before you hit the Internet to conduct an online search for general health insurance policies and rates.
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