Getting health insurance for unemployed college student is possible, especially if you are under 30. There are a few different ways you can try with health coverage options.
What You Can Do To Get Health Insurance For Unemployed College Student
Dependents Health Insurance
In certain countries, your parent’s health insurance also covers dependents which they can add you in their coverage until 26. To enroll you in this coverage, your parents can sign you during a special period or at the yearly enrollment period. However, make sure that the company your parents are signing have this program.
Sign Up Health Plan In The School
Usually, many colleges also offer plans for the students. They will make the payout directly and group the payment with other education expense. Even, some colleges still offer the health protection even though the students are not eligible for their parents’ insurance anymore. However, of course, this insurance will have limited coverage and you should examine the health plan carefully.
Buying Catastrophic Coverage
Getting health insurance for unemployed college student is still possible by a sign in the catastrophic coverage that has lower premiums. If you are a student, having protection for an unexpected accident or disease will be very beneficial. However, be careful because sometimes you will not get the care until you are really sick. So, the point of buying this kind of coverage is comparing the premiums and check the policies carefully.
Go Applying the Medicaid
If you are living in America, you are lucky. The low-income families can apply the Medicaid which is under the federal-state program for poor Americans. In the past, only pregnant women and kids got this facility, but now the government extends it. However, when you are turning to 26, you cannot enjoy this insurance. This coverage is available throughout the country with different regulations.
Of course, those programs have limited premiums and you should consider it very wisely looking at the health care law. If you don’t have any health coverage, you will get a penalty, which is usually 2,5% of the household income. You probably will get a double cost which the penalty can rise along with the inflation. So, it is not a burden to get yourself fully covered. Nobody expects bad things at the future, but this kind of things will always have a chance to attack you even though you always try to avoid it. Most people think it is not important, but they never realized certain accident or illness can occur so sudden.