November 20th, 2009 
Michael Novelli At most university and colleges, students are required to enroll in health insurance coverage. In an effort to meet and prosper form the new-fangled niche, various colleges throughout the nation are enrolling students in their own affordable student health insurance plans. However, many of these programs prove to be more expensive than the average Illinois individual health insurance plans.
Illinois college students, whose family benefits have been nixed due to unemployment, are signing up for what they consider to be affordable student health insurance. Also, with older people returning to school, college health plans are growing in demand
In reality, many of these policies are basically the same as most Illinois individual health insurance plans. The primary difference is the prescription benefits. Insurance companies impose stricter requirements for prescribed medications.
Nevertheless, restricted prescriptions are more appropriate for college students, who are young and healthy. It’s one of the reasons that college health insurance plans have lower premiums. However, these medication limitations should not be a deterrent for the older student in need of coverage.
College students should beware that some universities are adding a 30 percent surcharge to cover the cost of maintenance. Another drawback is that students who are covered under the college insurance plan are required to seek medical care from the university’s student health facility. Students, who are considering the college endorsed plan, might research the terms of patient privacy.
Meanwhile, the same Illinois individual health insurance for the same aged person is analogous in price, without all the outpatient and prescription restrictions. Reports across the nation show that these college sponsored, “affordable student health insurance plans” contribute nearly 60 cents for every dollar premium of the actual health benefits, services and products.
The main disparity between the college sponsored plan and Illinois individual health plans are the conditions of the policy. Despite the fact that standard health plans must accommodate “minimum credible coverage,” college backed plans do not have to follow the same provisions. In other words, the college sponsored plans lack the overall benefits of standard individual plans.
So the solution for obtaining the most affordable student health insurance quote is to compare the following costs: premiums doctors’ visits prescription drugs, and hospitalization of the standard Illinois individual health insurance and the college sponsored plan.
For an affordable student health insurance plan, stop by IllinoisLifeandHealth.com for a quick quote.
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