InsightsStudent Health Insurance Plan - Alternatives, How Much, How To Opt-Out
The average student health insurance plan costs between $1500 and $2500 per year. If you already have coverage via your parents, you can apply for a waiver and opt-out of the university student health plan. Alternatives to student health insurance include ACA plans, Medicaid, and Mira. In terms of private vs. public schools, the prices don’t differ as much as you might expect. Each school has different costs and coverage for their plans, but oftentimes, it's thousands of dollars on top of the tuition and you must waiver it if you don't need it. If a student has healthcare coverage through their parents, they can stay on the insurance if they're under 26 but may face out-of-network costs if they locate to a different state due to coverage options. In this case, supplemental insurance options could be the best way to get affordable care.