If you’re a student in college then you know how important it is to have good quality insurance, considering all the shenanigans that students get up to these days.
In the following article, we’re going to give you tips on how to block out all the noise and pick the right student insurance plan for your needs.
Keep in mind that there are certain things that your insurance policy won’t cover that you’ll wish that it did cover.
It’s not unheard of for health insurance plans to come with certain waiting periods and hidden limits as well as exclusions that you may not like.
Make sure that the limitations in your instance plan are something that you can live with by reading the fine print.
It’s worth noting that most international student insurance plans exclude wellness and preventative care, including annual check-ups and immunizations for example.
To avoid paying out of pocket for these expenses, consider the Accendo Medicare supplement to top-up your cover.
Next thing you need to do is figure out what your needs are.
Active students who participate in various teams will need a different kind of insurance from someone who mainly needs cover for hospitalizations and doctor visits.
The most important thing is to ensure that the policy that you pick covers all of the things that you need it to and nothing else. After all, you don’t want to be paying for cover that you’re not going to use.
International student plans come highly recommended because they’re pretty comprehensive and detailed.
You should also consider your insurance plan’s carrier rating which should be an A coming from AM Bes and Standard and Poor’s, the world’s biggest and most reliable insurance rating agencies.
Both ratings are updated each year so you’ll want to check to see what kind of track record your insurance provider has to ensure consistency.
In addition to the benefits and exclusions that come with your insurance plan, you must also consider other factors outside of this.
For instance, find out if your insurance provider requires you to seek medical help from a limited number of providers in their network and if so, are the hospitals, specialists, and doctors near you included in that list?
While it’s important to consider the price of your insurance plan, you shouldn’t let the premiums be the be-all and end-all of your decision-making process.
After all, a more affordable plan may not offer all of the benefits that you want and need. Most of the time, you have to fork out more if you want a comprehensive cover that meets your needs.
However, there’s a healthy middle with plans that offer the best of both worlds. For instance, you can easily find an international insurance plan with decent benefits for about $35 per month at the age of 25.