How To Get The Cheapest Student Health Insurance

If you’re a student, there’s good news when it comes to health insurance – it’s most likely going to be the cheapest for you.

This post is to give you a couple of pointers to get the best deal. But if you’re ready to shop around…

Click Here To Get The Cheapest Student Health Insurance

OK, so the good news:

1) If you’re a student, you’re probably in the 18-24 years old category. That’s going to give you a BIG break on insurance costs because your risk for serious health issues is significantly lower than older people.

2) A lot of companies will give you a nice discount (maybe even 20-30%) for being a student. One tip on this… if you’re not a student, don’t lie to get a discount – this is insurance fraud.

The best way to get the cheapest coverage is to get free care from your university or see about group healthcare options available through your college or community. If these are not an option – for example, you go to community college or your uni/community just doesn’t offer it, you’ll need an individual insurance plan.

To get the cheapest option, you’ll want to eliminate the “bells and whistles” of insurance to make your monthly premium as low as possible. For example, if you do not need psych counseling 20 times a year, don’t pay for it in your policy – get my drift?

Also, I always recommend getting insurance just for emergencies and not routine procedures. Also, check with your student health office and you will probably find that they do a lot of these regular check ups for free or low cost. Many times all you need is a supplement insurance policy incase something drastic happens and they don’t cover it.

Click Here To Compare The Most Affordable Insurance Policies

If this is the case, compare policies across the board and pick the cheapest one. In my opinion, the only thing you need to decide on is how high of a deductible you can afford and high of a coinsurance you’re willing to risk.

For example, if you generally do not have access to more than $1-2K, don’t get a deductible of $10,000. That’s fairly illogical incase a real accident happens. I also recommend going for a 0% co-insurance. If you need a $100,000 operation, the last thing you want is to add another year of college tuition to your debt profile.

OK, review:

1) For routine services, find out where you can get free appointments. This should work fine in most scenarios.

2) Choose an “emergency-based” policy. That means high copays, not a lot of drug coverage, and not a lot of alternative or supplemental coverage, etc.

3) It might be worth spending a little extra for a middle or low-range deductible and a low co-insurance. But you need to taylor that to your specific budget/needs.

4) Compare prices on apples-to-apples policies on a reputable site known for getting low prices. I recommend using ehealthinsurance. I have found that they gather the most amount of policies and lowest prices, especially for students. You probably won’t need to go anywhere else after them, which makes buying individual health insurance much easier.

Click Here To Look At The Best Student Health Insurance Options

Don’t forget that the people that ultimately get the lowest rates are the ones who keep themselves in good health and do not make a lot of claims. So don’t forget to eat healthy and exercise! And with the formula above, it shouldn’t break your bank to get a decent health insurance policy. I hope this information was helpful, good luck with your shopping!