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Tuesday, 27 October 2015

Insurance Ideas and Tips For students

23:14 Posted by sneha pa No comments
Insurance Ideas and Tips For students.While Opting an Insurance Policy.Students Must consider these Tips in Mind About the Insurance(Health,Accidental,Motor,Life) Ideas and Hidden Secrets Behind it.Students pay many college fees every semester that go beyond tuition. Some common fees international students may encounter go toward athletics, technology and, at many schools, mandatory health insurance.
Maintaining health insurance coverage is money well spent while studying abroad – you never know when or if you will become ill or injured.  Avoid surprise bills by being covered. It is not only mandatory in many cases, but also a smart step.

Insurance Ideas and Tips For students


Don’t Wait Until The Last Minute

This is the first tip mentioned because it’s also the most important. Although your school may not require you to have a plan until the day of classes, it’s never a good idea to drag your feet on something as important as health insurance. It’s best to start looking for a good policy early, perhaps even before leaving your home country, ensuring coverage from the moment you arrive at your destination.

Check Your Eligibility

Every health insurance plan has certain criteria to must meet in order to qualify. International student insurance options require a valid student visa, but will not require domestic information, like a social security number. Sometimes these plans will require you attend school for a set number of hours each week in order to remain eligible, so make sure that you meet each of the eligibility requirements of the plan before you buy.

Look At The Specific Benefits

Since you will most likely have the same insurance plan through your entire college experience it’s imperative that you know exactly what the plan covers and what it will not. For starters, ensure that your plan has traditional coverage like and doctor visits, hospitalizations and prescriptions, with a high enough policy maximum for you to feel comfortable. In addition, your international student insurance plan should come standard with travel benefits like emergency medical evacuation and repatriation of remains.

Don't Spend Too Much

Even though no one looks forward to the cost of insurance, international student health insurance is generally affordable, given that students are typically younger and in good health. In addition to the premium each month, it’s important to take note of any out of pocket expenses you may incur as well.

These sometimes unexpected costs will come in the form of deductibles, co-insurance or co-pays. Always ask your insurance company to explain these expenses in detail because this will help you understand how much you will be required to contribute toward your eligible expenses and how much they will cover.

Read The Cancellation Policy

Life can be unpredictable. Your school may not approve your alternative insurance plan, your visa may be denied, or you may have to return home unexpectedly for a family emergency. In the event that you no longer need your insurance plan, it’s important to understand the cancellation policy to know if you’re eligible receive a refund and stop future payments. Typically if you cancel your plan before the effective date you will be issued a full refund, but after this day cancellation fees may apply.