Whatever you think of the new health care reform laws, the one thing all sides probably can agree on is that college student health insurance plans, with a few exceptions, are fairly awful.
Eighty percent of college students, representing 7 million individuals, are covered. In one state last year, health insurance companies made profit margins from college students that were five times bigger than the other plans they sold.
As The Wall Street Journal described it:
“There is broad consensus that, as a group, college health-insurance plans rank among the worst in the nation for consumers. Many college plans come with remarkably low benefit ceilings — in some cases as little as $2,500. Others limit areas of coverage, such as preventative services and chemotherapy.
“The upshot: Students are often much less insured than they think they are. In extreme cases high-school seniors with health issues might be advised to consider a college’s health plan before attending.”
Some companies spend surprisingly little on mental health coverage, even though counseling is a big need for college students. Read more