What a College Student Needs to Know About Health Insurance (Part 1)

College can be such a crazy season. Not only are you being challenged more than ever academically, for many students it is their first foray into the adult world. No more is mom around to take care of laundry or make sure that you’re eating a balanced meal (hello Freshmen 15). And to help college students better understand more about health insurance, we thought we could cover some key things college students need to know about health insurance.

Why you need health insurance

Many college students may be under the thinking that they are young, healthy and in no need of health insurance. But that is just not the case. Young people are just as much at risk, and at times more so to need medical care as the rest of the population. Young people, while only making up 14% of the US population also makeup over 50% of all vehicular accidents injuries. Also, one in five young adults will suffer from a chronic illness. A recent study showed that young adults (ages 18-25) are the most likely to suffer from mental illness. Youth does not equate health.

And if you do happen to fall anywhere in these demographics and do suffer from an unexpected illness, accident or mental health issue, medical insurance can be a great help to you. College students also have higher rates of getting STD’s and unexpected pregnancies. Health care is expensive and having insurance can keep you from being in medical debt before graduation.

What kind of coverage you can get

First and foremost, college students can remain on their parent’s health insurance plans until the age of 26. This applies not just to college students, but even if you’re married or financially stable. This coverage can be beneficial because you do not need to foot the bill for this coverage and there is an opportunity for excellent coverage. There can be some issues if your parents suddenly lose their insurance. But if that happens make sure to read our next blog for more ways you can get coverage as a college student.

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