Much like everyone else, college student must maintain health insurance coverage in order to avoid paying a penalty. More importantly, college students must maintain health insurance to ensure they have access to healthcare when they need it. Unfortunately, understanding what’s available can be challenging for anyone who isn’t familiar with health insurance. The following are a few options college students should consider in order to determine the best option for healthcare insurance.
Continuing on Their Parent’s Insurance
One of the cheapest options for healthcare coverage for students is remaining on their parent’s insurance. Most of the time, college students have the option of remaining on their parent’s insurance coverage while they are in school until they reach the age of 26. Marriage, living at another address, and the ability to enroll in an employer’s plan doesn’t disqualify college students from remaining on their parent’s insurance.
A Student’s Health Plan
Most colleges understand the importance of offering their students a discount health plan. With the ability to reduce the cost of care, many college students will get the treatment they need and reduce the transmission of infectious diseases. Most colleges partner with health insurance companies to offer their student’s an affordable health insurance plan.
Purchasing a Health Plan in the Marketplace
The Affordable Care Act makes it easy for college students to purchase health insurance, as well. Most college students who purchase healthcare do so during open enrollment; however, there are qualifying events that allow college students to get coverage outside of enrollment dates, including:
- Getting married
- Having a baby
- Adopting a child
- Gaining citizenship
In most cases, qualifying events allow students to enroll for coverage.
Purchasing Health Insurance from an Insurance Company
Insurance companies are a great option when it comes to purchasing health insurance coverage. Most insurance companies offer insurance from many different companies, allowing college students to choose between competitively priced coverage options.
College students around Lakewood, CO who are interested in getting more information about the types of coverage options Colling Insurance Services Inc. offers should give us a call.