Medical Insurance for College Students – Overview
Health insurance is the least priority for students. However, as you enter college, you need to understand its importance and how it can benefit you in case of medical emergencies.
Lack of proper health insurance can lead to increasing your debt even more. Surveys have shown that young adults are one of the groups with lower insurance coverage rates.
Around 30% of young adults lack insurance coverage, which puts them at risk of paying off high medical debts.
College students have multiple options regarding health insurance. These include plans offered by schools or even joining their parents’ insurance plans.
However, if you cannot get these policies, you can also choose to get an individual health insurance policy.
We searched and selected the top insurance companies offering health insurance for US college students.
Top Health Insurance Options for College Students in the US
Here is our list of the top health insurance options for college students in the US:
1 – Cigna
Cigna is the best option for college students when buying health insurance. It has incredibly attractive coverage at an affordable cost.
Many Cigna policyholders qualify for financial aid, which can reduce their premiums to less than US$100 per month.
Cigna health insurance coverage for college students covers pre-existing conditions and offers subsidies to make insurance policies more affordable.
A significant portion of Cigna policyholders qualify for financial aid. Students don’t earn much and the extremely low cost of premiums makes Cigna health insurance an ideal choice.
You can choose Cigna health insurance plans from different tiers, from bronze to platinum. Bronze plans are basic and most affordable, while platinum plans offer a higher monthly premium but low deductibles.
Cigna health insurance plans cover various preventive care services, including annual checkups, health screenings, and flu shots, without additional charges. There are several slabs under each tier with attractive offers.
Advantages of Cigna Health Insurance for College Students
- Extensive coverage
- Premium subsidies
- Affordable virtual healthcare
- Free preventive care
College students can purchase Cigna health insurance plans through its official website or by visiting www.healthcare.gov.
2 – Aetna
Aetna is an ideal health insurance option for low-income students. The Aetna catastrophic insurance policy is the best choice for such individuals.
Under this plan, the company offers extensive insurance coverage against major emergencies at a highly affordable cost.
College students usually live on a very tight budget, which makes Aetna’s health insurance policy the perfect solution.
You can easily buy a catastrophic insurance plan through the federal health insurance market.
You can get a comparatively low monthly premium, which is helpful and convenient for college students.
The company has a good reputation in the industry and has received several awards for its extensive services.
Under the Aetna catastrophic insurance plan, you get extensive preventive care coverage, including health screenings and flu shots, and three free visits to a primary care physician in one year, without any additional charges.
The catastrophic insurance policy from Aetna has deductibles that are typically high, providing comprehensive coverage for significant medical emergencies.
The Aetna catastrophic insurance plan may not be eligible for premium tax credits, meaning policyholders could be responsible for the full cost of premiums.
Advantages of Aetna Catastrophic Insurance Policy for College Students
- Comparatively low premium rate
- Coverage for preventive services and primary care for free
- Financial security for medical emergencies
Suppose you are a college student who is ineligible for Medicaid or similar subsidized insurance policies. In that case, the Aetna catastrophic insurance policy is excellent for basic health insurance at an affordable price.
When you reach your deductible, the company covers 100% of major services and provides extensive medical care.
3 – Everest
Everest Insurance is the best choice for college students seeking a short-term insurance policy. Everest provides incredible freedom to choose provider networks and wellness benefits that cover preventive care.
College students can benefit significantly from short-term insurance, unlike conventional health insurance.
A short-term insurance policy is a great way to acquire temporary coverage at an extremely affordable cost compared to conventional insurance plans.
Everest short-term insurance policies are very flexible and easily customized, making it the best choice for short-term insurance on our list of the best medical insurance for college students.
The company offers a range of deductible options for college students, typically from $1,000 to $10,000, along with copay options ranging between $30 and $50, which helps you remain within your often tight monthly budget as a college student.
Policyholders can choose their coverage maximum within a range, typically between $250,000 and $1.5 million.
Advantages of Everest Health Insurance for College Students
- Affordable copay
- Low-cost coinsurance options
- Multiple coverage maximum offered
- Free-look period applied
Everest’s affordable copay, deductible, and coinsurance options make it one of the best options for health insurance for college students.
Conclusion
These are the top three health insurance options for US college students. Make sure to consult with an existing customer and learn more about these insurance companies’ individual advantages and benefits.
See Also
Student Loan Forgiveness for Healthcare Workers
Does Medicare Cover Shingles Shots
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