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Obtaining a Mandatory Student Health Insurance: Pros and Cons
from:A student’s life is full of adventure, happenings, and unpleasant events as well. Most students are not aware of the health hazards that they face while studying. They tend to live their life the easy-go-lucky way without taking into consideration their being ‘healthy’. In fact, most American students do not have a student health insurance; or is not covered by their parent’s health insurance plans.
Health-care costs nowadays are much too high, and sometimes impossible to reach. For a typical student who has to concentrate in his/her studies, worrying for their health is an added burden.
Colleges and universities strongly encourage their students to have a student health insurance. It is best if students can obtain a health insurance that can be used in the local area (or even overseas, if needed).
Most of the students are covered by their parent’s health insurance plan. But there are times when it is not enough. Somehow, they still need additional health coverage. Purchasing a student health insurance is the best option for them.
University/college programs for student health insurance are not that common. There are states which offer a mandatory student health insurance program.
Benefits are clearly defined in a mandatory student health insurance. These benefits include in-patient hospitalization, out-patient services, and surgical coverage. 80% of actual in-patient hospitalization expenses are covered, the maximum amount is $25,000. For out-patient services, it covers 80% of actual expenses and the maximum amount covered per accident or illness is $1,500. A maximum amount of $5,000 f is allotted or surgical coverage (80% of actual expenses is covered).
The primary intent in having a mandatory student health insurance is for students to have access to ‘quality’ student health insurance and to reduce the frequent utilization of free-care pool or the uncompensated care-pool by most students.
Since it is mandatory, it be often met by pros and cons, below is a list of the pros and cons of a mandatory student health insurance.
Pros
- all students get a health protection
- lower premium costs
- students are made-aware of their insurance coverage
- financial aid is included
- students can concentrate more on their academic studies without having to worry of medical expenses
Cons
- the cost of ‘going to school’ is increased
- slight inconvenience
- identifying the need during registration
- possible occasional-expense if the student’s insurance doesn’t meet the minimum requirements
Colleges and universities who sponsor the mandatory student health insurance automatically bill their students (part-time and full-time) for their individual membership in the student health insurance plan. It is a pre-requisite to be enrolled in the college or university.
If the health plan of the student’s parents has a comparable coverage, that student can request for a waiver from not joining the student health insurance plan. However, chances are the student will be denied the necessary health services if the parent’s plan is enrolled in an indemnity plan alone. Both the parents and the student should know this important fact.
The more the students who form a group for the student health insurance, the lower the premium, every student will be entitled to receive the necessary health-care needed and is protected from any financial disaster when they encounter an unexpected accident or illness.
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