Skip Navigation Links

Blog

Medical Insurance for College Students

August 28, 2007

by Scholarships.com Staff

There are so many things to think about when entering college. Financial aid for tuition, room & board and book expenses initially come to mind, but many forget another important expense—medical insurance. Before students head off to college, they need to seriously consider future medical aid options. Those with a history of ailments are likely to explore their options, but so should the poster children for health. Unfortunately, a large portion of health-related issues surface during adolescence. The fact that college students are frequently stressed out and sleep-deprived sure doesn’t make things better.

Student Insurance Under a Parent Policy

In more ways than one, students who enter college are better off than those who finish school at 18. Those who are considered dependents under the health insurance plans of parents are frequently given the boot on their eighteenth birthday - a not-so-nice way to be welcomed into the adult world. Those who head off to college, however, continue to be dependents under their parents’ plan for a few more years (usually until they turn 23 or 25). This typically applies to full-time students only. Those who are enrolled part-time may be ineligible or forced to hand over additional cash.

Student Insurance Under a College Policy

Schools typically offer their own college insurance plans for those who choose to take advantage of them. Oftentimes, students are automatically charged for this service unless they let schools know they are uninterested. Some states require entering students to be medically ensured. If that is the case, students who choose to reject school offers must show proof of alternative coverage. The costs of college insurance vary greatly, but they are frequently less expensive than private options. This tends to come at the expense of quality.

Graduate Student Insurance

You may have noticed that full-time students can retain a parent plan until they turn a certain age—a few states extended the eligibility age to 30. More often, however, students may be cast aside during their low and mid twenties. According to a Commonwealth Fund report, about 30 percent of the nation's estimated 44.4 million people without health insurance are 19-29 years old. This makes them the largest group of newly uninsured. Graduates students with no income and plenty of expenditures are not pleased. Schools do take graduate school students into consideration, but they do so at a cost. For example, the University of Illinois Champaign insurance policy for the 2007-2008 year is $180 for undergraduates; graduates have to pay $256. College students do have options, but they need to be prepared.

When putting aside college funds, expect the unexpected. Scrapping together additional 529 plan money and applying for a few more scholarships may be in order.

Posted Under : College Costs, College Life

Leave a comment

Please Login or Register in order to add a comment.
0 Comment(s)

Recent Posts

Tags

ACT (19)
Advanced Placement (24)
Alumni (16)
Applications (76)
Athletics (17)
Back To School (72)
Books (66)
Campus Life (444)
Career (115)
Choosing A College (42)
College (920)
College Admissions (225)
College And Society (271)
College And The Economy (331)
College Applications (141)
College Benefits (282)
College Budgets (205)
College Classes (437)
College Costs (454)
College Culture (549)
College Goals (386)
College Grants (53)
College In Congress (78)
College Life (501)
College Majors (213)
College News (504)
College Prep (165)
College Savings Accounts (17)
College Scholarships (129)
College Search (110)
College Students (377)
College Tips (99)
Community College (54)
Community Service (40)
Community Service Scholarships (26)
Course Enrollment (18)
Economy (97)
Education (24)
Education Study (28)
Employment (36)
Essay Scholarship (38)
FAFSA (49)
Federal Aid (86)
Finances (68)
Financial Aid (362)
Financial Aid Information (39)
Financial Aid News (32)
Financial Tips (35)
Food (44)
Food/Cooking (27)
GPA (80)
Grades (91)
Graduate School (54)
Graduate Student Scholarships (19)
Graduate Students (63)
Graduation Rates (38)
Grants (61)
Health (38)
High School (128)
High School News (62)
High School Student Scholarships (144)
High School Students (260)
Higher Education (110)
Internships (525)
Job Search (168)
Just For Fun (96)
Loan Repayment (33)
Loans (39)
Military (16)
Money Management (134)
Online College (20)
Pell Grant (26)
President Obama (19)
Private Colleges (34)
Private Loans (19)
Roommates (99)
SAT (22)
Scholarship Applications (154)
Scholarship Information (142)
Scholarship Of The Week (228)
Scholarship Search (183)
Scholarship Tips (71)
Scholarships (362)
Sports (61)
Sports Scholarships (21)
Stafford Loans (24)
Standardized Testing (45)
State Colleges (42)
State News (33)
Student Debt (76)
Student Life (501)
Student Loans (130)
Study Abroad (66)
Study Skills (214)
Teachers (94)
Technology (111)
Tips (480)
Tuition (92)
Undergraduate Scholarships (35)
Undergraduate Students (154)
Volunteer (45)
Work And College (82)
Work Study (20)
Writing Scholarship (18)

Categories

529 Plan (1)
Back To School (351)
College And The Economy (464)
College Applications (244)
College Budgets (333)
College Classes (549)
College Costs (705)
College Culture (904)
College Grants (132)
College In Congress (123)
College Life (870)
College Majors (323)
College News (825)
College Savings Accounts (55)
College Search (383)
FAFSA (108)
Federal Aid (118)
Fellowships (23)
Financial Aid (639)
Food/Cooking (76)
GPA (277)
Graduate School (106)
Grants (71)
High School (482)
High School News (208)
Housing (172)
Internships (564)
Just For Fun (202)
Press Releases (1)
Roommates (138)
Scholarship Applications (184)
Scholarship Of The Week (303)
Scholarships (548)
Sports (73)
Standardized Testing (58)
Student Loans (220)
Study Abroad (60)
Tips (744)
Uncategorized (7)
Virtual Intern (531)

Archives

< Mar April 2014 May >
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910

Follow Us:

facebook twitter rss feed