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Affordable Student Health Insurance

Written by Kathleen Gagne
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Your child is going off to college, and there are lots of expenses to consider, including making sure your child is covered with the best possible health insurance. Many colleges and universities offer a health insurance plan for students, but those plans are often either too expensive or too limited in their services. Affordable student health insurance is just that, a plan that offers students coverage options at a reasonable cost.

Remember that what makes an insurance plan fit into the category of affordable is its monthly cost as well as what your total annual out-of-pocket costs might be. Out-of-pocket includes more than your deductible. It also includes what you would have to pay each time you go to a doctor, what your prescription costs will be, what an emergency room visit will cost, whether an annual physical is covered, and more. A low monthly rate with an extremely high deductible may not work for many students living on a shoestring budget. Paying high co-pays can be really difficult as well.

Find Affordable Student Health Insurance Online

Student health insurance is now available on the Internet. You will find online insurance carriers who offer a variety of plans for students. These plans can include coverage for students who are no longer covered by their parents' plan, grad students, married students, and students who need temporary coverage. In many cases, these student need short-term coverage until they finish school.

Online insurers will usually ask you to designate the state in which you, or your child, is going to college. They will then display the available plans and rates. This is the point at which you will need to start some calculating. As noted above, the actual cost of a health insurance plan includes a combination of monthly payments and all of the out-of-pocket costs associated with the plan. To determine which plan is best, add the monthly payments, the cost of an annual physical, and what you would expect the payments would total for a case of the flu, recurring prescriptions, and a minor injury.

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