Health care is likely to be one of the biggest stresses for students today. Whether you are studying in your hometown or going abroad for school, medical costs can create unexpected financial stress on students. This is why student health insurance is so important! It is not a formality, it is a actual safety net that can help you remain healthy and focused on your education.
In this guide we will outline everything you need to know about student health insurance including what it is, who is required or could consider it, the benefits, how to select the right plan, and commonly asked questions.
What Is Student Health Insurance?
Student health insurance is a medical insurance policy that is specifically designed for students. Compared to regular health insurance, there are usually lower costs, and the plans are designed to suit individuals that do not have full-time jobs or income that would qualify them for regular health insurance.
Depending on the plan, it might cover the following:
Doctor visits
Emergency hospitals visits
Surgery
Prescription medications
Diagnostic testing
Support for mental health (In some parts of the world)
For international students health insurance can be compulsory. Many countries and most universities request proof of insurance before allowing you to register for classes or submit a visa application.
Who Should Get Student Health Insurance?
Health insurance is good for everyone, but for students, it can be a life-saving security blanket. The following groups need the security of a health insurance policy the most:
- Local students – Even if you’re studying in your own backyard, healthcare can be astonishingly expensive. Even a small monthly premium could save you thousands if a freak accident leads to a medical emergency.
- International students – Students responding to the call of higher education abroad take on an even riskier proposition. The cost of healthcare in countries like the USA, UK, Canada and Australia can be shockingly high. Without insurance, a single emergency hospital visit could cost more than your tuition!
- Study abroad applicants – Many embassies require proof of a health insurance policy at the time of application for a study permit or visa. For example, Schengen visa applicants need to show that they have medical insurance that is valid for the entire duration of their stay in Europe.
Benefits of Student Health Insurance
The following are some of what will be the most important benefits students can receive:
- Emergency coverage
Accidents and sudden illnesses can happen, but at least you won’t have to worry about the financial considerations of relying on emergency services providing an insured service. - More affordable premiums
Because student insurance plans are designed specifically for younger individuals, they tend to have much lower premiums, overall, than regular health insurance.
3.Visa and University Requirement
Many universities abroad require international students to have health insurance. Without health coverage you may not be permitted to take classes at their school.
4.Peace of Mind
Once you have medical coverage you can concentrate on your studies without worrying about the other bills that are not always expected.
5.Access to Better Healthcare
Having health insurance gives access to better hospitals, doctors, and treatment options without worrying about the cost.
How to Choose the Best Student Health Insurance Plan
With so many plans to choose from, it can be daunting to find the right plan. Here are some ideas to help you find the best option:
Check Your University’s Requirements
It is possible that your university will have a preferred partner for student health insurance. It is always good to check with your university before you buy.
Understand the Coverage
Ensure the health insurance coverage will cover hospitalization and doctor visits and urgent care or emergency treatment. Some policies insure you for dental and mental health services.
Compare Premiums and Benefits
Don’t just choose the lowest premium plan. Understand what each plan covers and the cost of that coverage.
Look for No Medical Exam
You will find that the majority of student plans do not require a medical exam so obtaining coverage is fast and easy.
Consider Local versus International Plans
If you are studying abroad, choose an plan that covers your host country and any emergency visits that must occur in your home country.
Real-Life Scenarios Where Health Insurance for Students Makes a Difference
International Student in the United States
Ali was a student from Pakistan when he arrived in the United States to study for his Master’s degree. Within his first few months of being in the United States, Ali experienced a medical emergency and received treatment that cost upwards of $5,000. His student insurance covered 90% of the cost, which was a huge relief.
Domestic Student in India
Priya was a student studying in Delhi, and she enrolled in a low-cost student health insurance plan. Priya required minor surgical treatment and fortunately, her insurance covered the daily costs charged by the hospital. Her out-of-pocket costs were relatively low, due to her insurance plan.
These are examples of student health insurance that prove that it is not only mandatory but also useful.
In the end
As a student, getting health insurance isn’t a hassle; it’s a smart choice for your future. If you have the right insurance, you won’t have to worry about surprise medical bills. You can also study anywhere in the world.
If you’re a student or want to study abroad, don’t wait until something goes wrong. Instead, look into your options, compare them, and choose the one that works best for you and your budget. School is important, but your health is even more so.
Commonly Asked Questions (FAQs)
- Is health insurance required for students?
Yes, in a lot of nations. Universities and embassies frequently demand proof of insurance from international students. - What is the cost of student health insurance?
The majority of student plans are made to be reasonably priced, though prices do vary by country and coverage. - Is a medical exam required to obtain student health insurance?
Indeed, a lot of student plans do not call for medical examinations. - Are dental and eye care covered by student insurance?
Although you might have to pay more, some plans cover dental and vision care. - What occurs if I choose not to purchase student health insurance?
If insurance is required, you might have to deal with exorbitant medical bills, problems getting a visa, or even being turned away from college.