Being a student, it is very important that you have student health insurance. But very few can afford to have it since the students do not earn money and as such, they will not be able to pay the high premium on their policy. It is still possible to have student health insurance within your affordability by doing proper research.
Paying for student health insurance – How you can do so
Read on to know how you, being a student, can manage to pay for student health insurance.
- · Sign up for student health insurance – Since you are a student, it does not mean that you’ll havestudent health insurance. Most of the colleges as well as the universities advertise the student health plan on behalf of the insurance companies so that more and more students may buy them. Make sure you get hold of the enrollment documents and submit them to the insurance company once you fill them out.
- Add up the insurance premiums in the student bill – There are some colleges and universities that let you to put your insurance coverage charges along with your student bill or account. Thus, you will be able to pay them with the help of scholarships that you may get, monthly payments you make to the institution to pay the tuition fees. Only the premiums that you’ll pay for health insurance will be seen on your student account and not the charges that have been incurred due to medical treatment while using the insurance.
- · Make use of the refundable scholarship – If you are a good student, you may qualify for a scholarship, student loan or grant. This way, you may be able to get some money back if you have more aid available. You need to know that student health insurance is considered to be a school expense. As such, you can use the money from student loans and Pell Grants to pay for it. However, the schools usually do not release the scholarship or financial aid money you’ve before the middle of the semester. This means that you will have to look for additional ways to pay for the first or second month coverage till you get your refund money.
- · Speak up with your parents – Since you are a student, it is obvious that you will not have money to pay the premium for your policy. It is always better to speak up with your parents before you decide to purchase a student health plan. They will be able to suggest you as to which policy will be the best one as per your need. You will be able to buy the right policy and save money in the long run. You need to know that most insurance plans allow the children to stay on their parent’s plan until they are 23, if they are in college full-time. As such, you can remain on your parent’s policy if you are below 23 years old and purchase another heath plan once you cross 23 years.
These are some of the ways with which you will be able to pay for student health insurance.
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