Even after they turn 18 and leave home, many college and university students can stay on their parents' health insurance plan. This is because most health insurance plans still count these people as their parents' dependents, even though they are in college or university. Do not think that you can stay in school until you're 40 and still be covered by your parents' health insurance. Each company that sells health insurance has its own rules and policies.
But not every college or university student is covered by his or her parents' health insurance and must find health insurance elsewhere. The goal is to get low-cost health insurance, which is a good thing because it can be done.
Here are three tips that will help you get student health insurance at a low cost.
Decide on payment options. Before you start looking for cheap student health insurance, you should look at your budget to see how much you can afford and how often you can afford it. Even though paying monthly seems easier and cheaper, you can usually save money by paying every six months or once a year. Plus, paying every six months or once a year gives you time to save up, so when the time comes, you'll be ready to send the check and won't have to worry about making ends meet each month.
Don't give up. Not every health insurance company in your state has low-cost plans for students. That is, it might be hard for you to find one. Don't give up too soon; there are other health insurance companies out there.
Do not limit your options. If you can't find a low-cost student health insurance policy for students in your state, you may also want to apply for an individual and family health insurance policy, especially if you have dependents.
