It can be tough for college students to afford health insurance, especially if they have no income or a limited income from part-time jobs. However, health insurance for college students is important because it would protect them from unexpected medical bills, in the advent of accidents or illnesses.
If you are a college student with no income, finding the best insurance option may seem like an impossible task. But notwithstanding, there are still options available to you that can provide the coverage you need at an affordable price. In this article, we will explore the best insurance options for college students with no income.
Health Insurance For College Students With No Income
1. Health Insurance Offered By The School
Health insurance plans offered by schools can also be an option for college students with no income.
Health insurance is usually included in your tuition and fee. So you can pay up with any financial aid or grant.
IMG is one of the best health insurance for college students with no income.
This insurance company has a variety of cheap insurance policies for international students that you can personalize to match your specific needs, all of which are underwritten by the Sirius International Insurance Corporation.
IMG plans also include prescription medicine which allows you to obtain vital drugs while in the United States.
For college students interested in short-term insurance policies Everest is one of the best options.
You can receive temporary coverage for less than the cost of a private insurance plan with a short-term policy.
Everest provides customized short-term insurance policies, making it the best alternative for short-term coverage.
On Everest, you can select a deductible between $1,000 and $10,000, as well as a copay between $40 and $50, allowing you to tailor your premium to fit your budget.
4. Blue Cross Blue Shield
Blue Cross Blue shield is one of the most popular and cheapest insurance available in America, more than 110 million people countrywide rely on The Blue Cross Blue Shield Association (BCBSA) for healthcare coverage.
Blue Cross Blue Shield also offers low-cost health insurance options for students. BCBSA comprises 35 independent entities, most of which have an AM Best financial strength rating of A (Excellent). You’ll be directed to your local provider when you input your ZIP code into the BCBSA website.
Aetna’s catastrophic insurance is also good health insurance for college students with no income
The federal Health Insurance Marketplace is where catastrophic coverage can be purchased. They feature lower monthly payments than typical insurance policies, which makes them attractive to low-income students.
Aetna’s catastrophic plans include some preventative services, such as immunizations and screenings, as well as three primary care physician visits each year.
Aetna’s catastrophic plans aren’t accessible in all states. You must be under 30 or meet the conditions for a hardship exemption to be eligible for a catastrophic plan.
If you’re a low-income college student who doesn’t qualify for Medicaid or premium subsidies, an Aetna catastrophic plan can provide you with critical coverage at a cheap price. Once you’ve met your deductible, Aetna will pay 100% of most procedures, protecting you in the event you require extensive medical attention.
Cigna’s plans are organized into levels, with bronze to platinum insurance available. Bronze plans are the most economical, whereas platinum plans offer higher monthly premiums but lower deductibles.
Cigna’s plans all offer $0 preventative care, so you won’t have to pay extra for an annual exam, flu vaccine, or health screenings.
Cigna also offers low-cost virtual care, which allows you to talk to a board-certified doctor over the phone or via video chat.
Some students may be eligible for Cigna subsidies, but not all college students will. Subsidies are calculated based on your family’s income.
If your parents earn too much money and you’re a dependent, you may not be eligible for a subsidy and may have to pay the whole monthly premium.
Medicaid is another good health insurance for college students with no income, it is a government insurance program for low-income people and may be available to you depending on your income and where you live. Your state’s Medicaid office can help you apply for coverage.
FAQs On Student Health Insurance
What Is Student Health Insurance?
Student health insurance is a plan where you pay a monthly fee for health insurance. In exchange, the insurance company promises to pay a portion of your medical expenses such as visits to doctors, drugs prescription, hospital stays, and other medical miscellaneous.
Is it Possible for College Students to Use Their Parents’ Medical Insurance?
College students and young people can stay on their parent’s health insurance policies until they are 26 under the Affordable Care Act.