A New Season Brings New Health Insurance Questions
As students head off to college, health insurance is often one of the last things on their minds, but it’s an important detail for families to sort out before the semester gets underway. There are several paths students can take to maintain health insurance coverage while away at school, and the right choice depends on individual circumstances, including where a student attends school and whether they’ll need regular access to specific providers or specialists.
Staying on a Parent’s Health Plan
Under current federal rules, most young adults can remain on a parent’s health insurance plan until age 26, regardless of whether they are a student, married, or living independently. For many families, this is the simplest option, since it avoids the need to purchase a separate policy. It’s worth confirming with your health insurance carrier how coverage works if your student is attending school out of state, particularly regarding access to in-network providers near campus and how the plan handles urgent or routine care while away from home.
University-Sponsored Student Health Plans
Many colleges and universities offer their own student health insurance plans, which students can typically purchase directly through the school. These plans are often designed to work well with the campus health center and nearby providers, which can be convenient for students attending school far from home. Comparing the cost and coverage of a university plan against staying on a family plan can help determine which option offers better value for your situation.
Marketplace Health Insurance Plans
Students who are not eligible to stay on a parent’s plan, or who are looking for their own coverage, can also explore health insurance plans through the Health Insurance Marketplace. Depending on income, some students may qualify for subsidies that reduce the cost of marketplace coverage. This option can also be relevant for recent graduates navigating the gap between finishing school and starting a job that offers health benefits, or for students who have aged out of a parent’s plan while still enrolled in school.
Understanding Prescription Coverage Away From Home
If your student takes regular medication, it’s worth confirming how prescriptions are handled under whichever health plan they’re using, including whether a pharmacy near campus is in-network and how refills work if your student is traveling or on break. This is an easy detail to overlook until a prescription needs refilling far from home.
Comparing Costs Beyond the Monthly Premium
As with any health insurance decision, it helps to look beyond the premium alone and compare deductibles, copays, and out-of-pocket maximums across the options available to your student. A plan with a lower premium may end up costing more overall if your student needs frequent care.
Questions Worth Asking Before Choosing a Plan
Regardless of which option you’re considering, it helps to ask specific questions: Does the plan include providers near campus? What happens if the student needs care while traveling home or during school breaks? How does the plan handle mental health services and counseling, which are increasingly utilized by college students? Taking time to answer these questions can prevent surprises later.
Planning for the Transition After Graduation
It’s also worth thinking a step ahead to what happens after graduation. Coverage under a parent’s plan or a university-sponsored plan typically doesn’t extend indefinitely, and there can be a gap between finishing school and starting a job that offers health benefits. Knowing your options ahead of that transition, including marketplace coverage or short-term plans, can help avoid an unexpected lapse in coverage.
Setting Students Up for a Healthy Semester
Whichever option fits your family’s situation, confirming health insurance coverage before the semester begins can provide peace of mind and one less thing to worry about during a busy transition.
Wm. R Karschner & Sons can help your family compare health insurance options for college students. Call us at (570) 724-4852 or request a quote online.