Health Insurance for College Students

Parents’ Health Insurance Plan: Individuals up to age 26 who are not eligible for group coverage outside their parents’ plan are entitled to coverage on their parents’ plan. This can be a convenient option because all billing and claims are handled by your parents. However, if you attend school in a different state, your coverage levels may drop, and it may be more expensive than other coverage options.  

Individual Health Insurance Plan: Most states offer several affordable options with a range of benefit options, and the biggest advantage is that you can keep this coverage after you graduate or drop credit hours. One downfall is that medical claims may not be paid at the highest level when at home if your family lives in another state, and you could be declined coverage based on your medical history. 

School-sponsored Health Insurance Plan: Many schools offer insurance plans for full-time students. They tend to be relatively affordable and convenient, as medical services are often available on campus. However, the plan may not cover services you receive off campus and may have limits in the coverage. This plan also will drop your coverage if you graduate or drop below full-time student status. 

Student Health Insurance Plan: Full-time students ages 17-29 at a state-accredited college are eligible. One major advantage is that coverage travels with you if you go to school in a different state. But, it may be more expensive than individual health coverage, may not be available in your state and you may be declined based on your medical history.