Factors To Be Considered For Student Health Insurance Policy
Health insurance policy is important for people of all ages. However, not everyone out there can afford one. As a student, who hasn't developed the skill to earn money as yet, cheap student health insurance can be very helpful during desperate times.
The insurance market has grown significantly over the last few years. Unlike the past, students who travel to United States to complete their studies can now avail international student health insurance cover. Student health insurance policies have been specially formulated to meet the needs of health necessities of students. A typical policy will cover unfortunate events like accidents, mishaps etc.
As such, a student can cover themselves with the basic insurance policy offered within their college. However, the question here is whether, such insurance cover would suffice to meet all your health expenses. Although the college insurance policy will protect you against some scenarios, but not all. For instance, if you are a medicine student, you will be exposing yourself to several infectious patients, and the chances are that you might get engulfed with one of these infectious diseases, due to regular contact with the patients. In such cases, a typical college insurance policy will not suffice, and you will have to take a separate student health insurance policy from a good insurance company which covers all kinds of ailments.
There are several things you need to consider before you lay your hands on a good student health policy. First and foremost, you need to consider the maximum amount you are willing to spend towards the premium amount. This is a key factor as there are certain policies which would involve you to shave off hundreds of dollars. Considering that your parents will be paying the premium, or you might be gathering some part time income, consider all possibilities before you plunge into the kind of policy you desire.
Deductible is another factor to be considered with a health insurance policy. Deductible is the amount you need to pay, which would not be covered under the insurance policy. For instance, if your hospital bill is $4000, you will have to pay a base fee of around $150, in order to claim the insurance. The remaining amount will be covered under the insurance. The deductible amount would vary based on the policy you take. In general, if you pay a higher deductible amount, the insurance premium would be lower.
Remember, low cost student insurance coverage will not provide coverage for lots of things, especially which involves a huge cost, and are not a part of the regular situation. One needs to spend some time grasping the information about the insurance coverage, in order to avoid unexpected surprises on the way.
Customer support is another aspect you need to consider before grabbing a policy. There have been cases wherein the negligence and inadequate knowledge of the insurance agent has proved costly for the insurance holders. As a student, seek a company which has a good reputation, and which really takes care of their policy holders.
If you get these acts right, you will enjoy your student health insurance policy benefits to the maximum.