Every year, college students are faced with a test they won’t be asked in their classroom: finding the right health insurance for them while they are still in school. Well, the recent health insurance overhaul known as the Affordable Care Act (ObamaCare), students can be relieved of the confusion this question poses.
Being poor in health may be the last of the cares of an average college student living around Flat Rock. However, it pays to consider future needs before it occurs. The importance of insuring the young adult population cannot be overestimated. Despite the idea that they are young and healthy, they need care just like everyone else. In fact, college life brings risks to these adults; stress, sudden illness and accidents are inevitable.
Health insurance for students in Flat Rock is a must. Years ago, students have few options, but the new reform points out new methods of offering insurance for them.
- Stay under their parents’ plans. Students under the age of 26 can still be under the umbrella of their parent’s health insurance plans. This reform successively puts more than 3 million Americans back into insured status.
- Enroll with a college insurance. Many universities offer their health plans to students. These schools may work with an insurance provider, or the plans may be self-insured by the school. College health insurance plans have a major advantage, because premium expenses are grouped with other education-related costs.
- Shop for health insurance providers within the state. Buying a policy within the state’s exchange is feasible for those with the tight budget. One is eligible if their household income is up to 40% of the federal poverty level as well as meeting other criteria. In the exchanges, those aged under 30 can purchase catastrophic health plans with higher deductibles and lower premiums.
Apply through Medicaid. The ACA has expanded Medicaid’s eligibility from narrow demographics by taking in students under 65 years (in participating states) and earns up to 133% of the federal poverty level.
[…] Two important demographics in the health insurance sector are the seniors and the students. The seniors, for one, are those classified over 50 years of age, presumably retired (or are getting closer to retirement) and are in need of higher forms of medication. Students, on the other hand, are at the height of their youth. However, insurance is just as important as their school fees and upcoming college tuition. Likely, being concerned about having medical bills are the least of their priorities, which is why it is important to save up for it beforehand. […]