最良のシナリオでは、大学での医療費には、定期健康診断と市販のアレルギーまたは頭痛薬のみが含まれます。

しかし、虫垂炎にかかって手術が必要になった場合に加えて、病院で一晩過ごした場合はどうでしょうか。完済するのに数年、場合によっては数十年かかる可能性のある6桁の医療費を積み上げることが可能です。健康保険に加入してください。医療費が増え続ける今日、それは非常に悪意のあるものです。

しかし、これらのコストがあなたの経済的将来に打撃を与える可能性のある大混乱からのより良い隔離はまだありません。賢明であることに加えて、それは法律でもあります。では、大学生としての健康保険の選択肢は何ですか？

Options for Health Insurance

You may be able to:

• Stay on your parents’ insurance plan
• Get insurance without paying a premium through Medicaid
• Buy into your college or university’s health plan
• Buy your own plan through the Marketplace
• Buy your own plan from an insurance provider

Why You Might Already Have Access to Health Coverage

First off, if you can stay on your parents’ or guardians’ health insurance plan, that’s a no-brainer. You should do it. (The Affordable Care Act requires family insurance plans to cover children younger than 26.)

If for whatever reason this won’t work for you, Medicaid might be an option. In some states, you can qualify for coverage if you earn less than 133 percent of the poverty level. For an individual, that would equal $16,146.20.

It’s possible for a college student to fall below that level, especially if you’re not a dependent on someone else’s tax form. Other states have stricter criteria for qualifying for free health care. You can learn more here.

Buying Health Insurance Coverage That Fits

For many college students, though, the only way to get health insurance is to buy it. For college graduates, this is even truer.

Before buying coverage, it helps to know how health insurance works so you can be sure you’re getting coverage that fits your life and your monthly budget.

Your plan’s premiums will be a big part of that, just like with life insurance.

Costs

But also pay attention to the other costs, including:

• Co-payments you make to a physician’s office or pharmacy
• Deductibles you must meet out of pocket before an insurance plan kicks in
• Annual maximums a policy will pay
• Extra charges or non-payment for out-of-network doctor’s visits

These charges interact with each other to determine your true cost for health care, and you should make sure these costs balance out to match the way you live.

For example, a policy with higher deductibles should have a lower monthly premium, making the policy less of a burden each month if you’re low on cash.

With a catastrophic plan, your insurance would kick in only if something catastrophic — that likely required hospitalization — happened. For many college students buying their own health insurance, catastrophic coverage will likely do.

How to Buy a Health Insurance Policy

When you’re ready to buy a health insurance policy, you have a few different options:

• Buy through the Health Insurance Marketplace which the Affordable Care Act created
• Buy your own policy through an agent or directly from an insurance company
• Buy into your college or university-provided health insurance

The last option, buying your school-issued insurance, may be your easiest route to coverage. In fact, it may be automatically included in your enrollment package and billed to your student account.

If that’s the case, you’ve got this covered. If not, you’ll need to move on to another option.

Buying a health plan through the Health Insurance Marketplace has some advantages:

• Based on your income you could save big on premiums through tax credits
• It’s easy to access coverage through the government’s Web site
• You can keep your coverage if you drop out of school
• You won’t be using student loans or other financial aid to pay for health insurance

But this is possible only during Open Enrollment (unless you qualify for special enrollment). Open Enrollment usually takes place from November to mid-December. On the other hand, buying your own plan from an insurer (such as Blue Cross Blue Shield or Aetna) could offer you lots of health plans and savings if you don’t qualify for tax subsidies.

Recapping Health Insurance for College Students

You need health insurance to shield yourself from out-of-control health care expenses that may result from an unexpected illness or accident. If you can get insurance without paying, either through your parents’ plan or Medicaid, do it.

If not, look into your college’s health plan if it has one. If that’s not an option, try to save money through the Health Insurance Marketplace. If you can’t save that way, look into a plan from an insurance provider.

Car Insurance for College Students

Anyone who’s been driving for a few years already knows why car insurance is a must. Wrecks happen, and without insurance, you could be on the hook for the cost of car repairs and personal injuries.

Then there’s the fact all states (except New Hampshire) require auto insurance. But what kind of car insurance works best for college students?

Coverage

Auto insurance covers some pretty broad issues related to driving:

• Liability — If you hit someone, this coverage will pay to fix or replace that driver’s car and pay the driver and passengers’ medical bills. It will not cover your car’s damage or your health care bills. States require a minimum amount of liability coverage.
• Collision and Comprehensive — This pays for your own needs after a wreck (collision) or other damage to your car that results from something like a break-in or a fallen tree (comprehensive). You have more control over this coverage, and you’ll probably have a deductible. If you owe money on a car loan, the finance company may require a certain level of coverage.
• Personal Injury Protection — This is for your own and your passengers’ medical expenses, lost wages, and even funeral costs. This kind of coverage is not required by all states.
• Uninsured or Underinsured Protection — This is for your own property damage and personal injury if someone who is not insured (or is underinsured) causes a wreck that damages your car or your health; also not required by all states.

Each state has its own auto insurance regulations, so if you’re going to college in a different state, you may need to adjust your current insurance. When you’re dealing with a larger company such as Nationwide, Amica, State Farm, GEICO, etc., that’s easy enough. A phone call and a signature may suffice.

But if you have insurance with a smaller company who doesn’t insure cars outside your state, you may need a new policy in the state where you’re attending school. And even if you already have a policy, it’s possible you can save money with a policy that’s designed for college students and young adults.

Best Car Insurance Companies for College Students

A lot of car insurance companies offer special programs for students. Here are some of my favorites:

Amica

Amica’s Good Student Discount can save you 25 percent if you keep a 3.0 GPA, and it also offers a Good Driving Discount. These discounts apply only if you’ve been accident-free for the past three years.

Amica even has a special rate if you don’t drive while you’re away at school but do drive when you’re back home.

GEICO

GEICO has a Good Student Discount, too. If you’re between 16 and 24 and have a B average, you can claim a 26 percent discount on your premiums.

The company has discounts for good driving and an Accident Forgiveness program in most states. You have to do more than earn good grades to get these discounts, though.

Esurance

Like Amica and GEICO, Esurance has a student discount program for students with a 3.0-grade point average or higher.

Esurance also offers smaller discounts for buying insurance online and for paying in full, instead of in installments, for your policy.

How Much Auto Coverage Do You Need?

You can save money by getting insurance which meets only your state’s minimum requirements, but remember:

If you don’t have enough insurance, you are personally responsible for car repairs, hospital bills, and lost wages that you cause in an accident. If you have $20,000 in liability, for example, and cause $50,000 in damage, you could be sued for the other $30,000.

If you can’t pay it, the court could sell your property to cover the costs.

Scary stuff. Still, as a college student, you don’t want to overpay for anything, and that includes car insurance.

So let’s look at each component of auto insurance individually:

• Personal Injury Protection (PIP): If you already have enough health insurance, you should be OK without investing a lot here. Stick with your state’s minimum.
• Collision and Comprehensive: These two components cover your own property. You can get higher deductibles here and save on your monthly premiums. But you don’t want a deductible that’s too high. Why have coverage if you can’t pay the deductible that unlocks it?
• Liability: Don’t skimp here 。 Even if your state requires a low amount of coverage, remember that you’d be liable for what your insurance doesn’t cover. The average car is worth about $20,000. A hospital stay can easily cost $100,000. If you hit a car with multiple passengers, medical bills could be several hundred thousand dollars. Get coverage that reflects this reality.
• Underinsured or Uninsured: This is an inexpensive add-on, but a game-changer if you needed it. I’d add it on.
• Extras: A lot of insurers offer extras like roadside assistance or towing insurance. I’d skip on this and just join AAA if you’re worried about getting stranded.

If you can’t afford hefty coverage on your own car, find a way to properly cover your liability in case you cause an accident. If the worst happened, you’d be glad you did.

Dental Insurance for College Students

Dental insurance might not seem like a big deal, until you need a root canal or a crown or a wisdom tooth extracted. Without dental insurance, you may be stuck trying to explain, with a swollen jaw, why there’s no way you can pay for the procedure the dentist just finished.

At that point, the office manager may bail you out by handing you a brochure for a medical credit card. If your credit holds up and your application gets approved, you can transfer the balance to the card on the spot and head back to campus with your dignity intact.

But the sense of relief lasts only so long. The health credit card bills start coming, and the interest rate is high. If you’re prone to dental, periodontal, or endodontic troubles, dental insurance may be a must.

Even if you aren’t, preventive care can prevent costly procedures, which is why many dental insurance plans cover 100 percent of preventive care.

How to Get Dental Insurance Coverage

Just like with health insurance, if you can stay on your parents’ dental insurance plan, you should. If not, see if your college or university’s insurance includes dental.

If you qualify for Medicaid, you can go that route, although many dentist’s do not accept Medicaid patients. If you can’t access coverage in those ways, you may want to buy your own plan, and the average cost for an individual plan is about $25 to $30 a month.

Yes, that’s a chunk of change that could go a long way at the grocery store or the gas pump.

But when you consider the cost of even the most basic, preventive dental care, the cost is worthwhile.

Along with paying for preventive care, a typical plan pays 80 percent of routine procedures such as root canals and fillings while paying around 50 percent of more advanced procedures such as a crown.

Key Considerations

You’ll likely have an annual cap on payouts, so plan your procedures, if possible, to avoid too many dental visits in one year.

Other things to consider when shopping for a policy:

• Waiting periods :A lot of individual policies require you to wait six months before they will pay on a procedure. So if you want until you really have a dental emergency before buying insurance, you may be limited in your options.
• Deductibles :Like a lot of insurance policies, keep an eye on your deductible and make sure you can afford to pay it when needed.
• Enrollment fees :Many policies require an up-front enrollment fee of $35 or $50.
• Type of plan :If you get an HMO plan, you’ll be limited to certain dentists. A PPO is more flexible but may offer lower rates within your network of providers. If you have a dentist you like, make sure he or she is part of your insurance network before buying the plan.

Alternatives to Dental Insurance

If there’s no way you can afford dental insurance but want to protect yourself from costs resulting from unexpected dental work, consider:

• The Quality Dental Plan program: Participating dentists charge an annual fee in exchange for preventive care and routine work. See if there’s a participating dentist near you.
• Ask your dentist for an installment plan: It’s totally up to the dentist, and he or she would probably prefer you use a medical credit card, but it never hurts to ask. Preventive care can prevent a lot of the most expensive dental procedures.
• Free dental clinic: see if there’s one in your community.

Renters Insurance for College Students

It’s a common misconception:As a college student without much income, you don’t have to worry about someone breaking in and stealing your property. But you probably have a laptop, maybe a bike, a smartphone, a nice Bluetooth speaker or a turntable for your vinyl collection.

That’s why student communities are often the busiest part of town for police officers responding to break-ins. Renters insurance offers a simple and affordable layer of protection for your belongings.

An average policy costs about $12 to $15 a month and covers on average $30,000 in property and up to $100,000 in liability in case someone gets injured in an accident in your apartment or yard.

Renters insurance FAQs

Renters insurance is one of the simplest kinds of insurance out there, but there are still some interesting variables.

Here are some frequently asked questions:

Q. Doesn’t my landlord have insurance?

A. Yes, most likely so, but your landlord’s insurance protects your landlord’s property, not yours.

Q. I live in on-campus housing. Do I need renters insurance?

A. Maybe not. It’s possible your parents’ homeowners insurance will continue to protect your belongings on campus. But check to make sure, and also see what caps your parents’ policy places on away-from-home claims.

Q. My roommate has renters insurance. Can’t we share a policy?

A. Yes, you could go in together on a policy and save money, but this has some downsides. Claims to replace your roommate’s property could affect what you pay in future premiums, for example. Also, if your roommate fails to pay her share of the policy, it puts your coverage at risk even if you paid your share.

Q. Will renters insurance help even if the damage resulted from landlord negligence?

A. Yes, even if your landlord is at fault (think an electrical fire that damages your property) your renters policy can help you replace your belongings.

Q. What natural disasters will renters insurance not cover?

A. Most renters policies make exceptions for floods and earthquakes. If you live in a flood-prone area or in Southern California (or anywhere with a history of earthquakes), keep that in mind. Also, renters policies are reluctant to pay for damage from a sewer system malfunction or basement flooding.

Q. Does a renters policy cover all my belongings?

A. Not necessarily. If someone steals a valuable collectible item, such as rare jewelry or a Derek Jeter rookie baseball card, a standard renters policy probably won’t help. Ask your agent to find out for sure before buying a policy. Additionally, expect caps on long-term expenses such as rent at another apartment while yours is being repaired in the event of a flood or fire.

Q. Do I have to pay for liability insurance as well as protection for my stuff?

A. No. Although these components tend to be paired, many companies allow you to buy one and not the other. If you live alone and never have parties and rarely have guests, buying a lot of liability insurance won’t make much sense.

Q. What other factors could drive up my premiums?

A. If you live in a neighborhood with regular break-ins, renters insurance may cost more. Also, if you have a lower credit score (below 650 or so), your insurer may charge more.

Where Do I Buy Renters Insurance?

Most large, national insurers offer renters insurance policies.

In fact, your car insurance company may be able to save money by bundling a renters policy in with your auto insurance. You can also shop online.

Other companies to consider include Esurance, GEICO, and Progressive.

Travel Insurance for College Students

Travel insurance is probably one of those things you’ve never thought about needing, but the reality is, it’s one of the best insurance policies a college student can take out, under a few conditions.

If you’ve ever gotten sick or injured on a trip and had to venture to the hospital unexpectedly, you know it can put a damper on your travels. Or maybe you’ve lost your luggage or had your room robbed.

Travel insurance can help to protect the time, money, and effort you’ve put into a trip, so if the unexpected happens, you’re covered.

Who Needs Travel Insurance?

First things first, let’s decide whether you actually need it or not.

Travel insurance is ideal for college students who are studying abroad.

A semester or two is a long time, and you never know what could happen. Travel insurance can grant you peace of mind and protect the money you’ve put into your overseas studies.

College is a time where you have a lot more freedom to roam for extended periods of time (take advantage of those extra-long Christmas and summer breaks while you can), leading to lots of trips abroad.

If you’re planning to backpack across Europe for a month (or more ) with your roommates, you might want to seriously look into securing a travel insurance policy as well. On the other hand, if you’re traveling with your family for a week or two, you may not need the coverage a travel insurance policy supplies.

What It Covers

Some of the most common coverages of travel insurance are medical coverage, trip cancellation, theft protection, luggage insurance, evacuation coverage, and emergency services.

The criteria for most of the services above are pretty obvious, except for trip cancellation.

When it comes to canceling your trip, you’re likely to be covered for job loss, losing your passport to a natural disaster or theft, evacuation in the country you’re visiting, documented injuries or illness, deployment, or jury duty.

If, however, something goes amiss causing you to cancel your trip while you’re intoxicated, you break the law, or engage in high-risk activities, your cancelation probably won’t be covered. You also won’t be covered for your pre-existing conditions or if you’re going on a trip for medical purposes.

Bottom line: travel insurance is a good investment if you’re planning more than a short-term trip. Look into it especially if you plan to study abroad!

Finding and Keeping that Delicate Balance

Most college students spend money carefully.

If your 12-year-old used car will run a few more years, you keep it, even if you can no longer roll down the window. If you can save a few hundred dollars on rent by having an extra roommate, you clean out that spare room.

It may seem impossible to find space in this delicate balance for insurance premiums, other than those mandated by law.

But that’s just the thing:The more delicate your monthly budget, the more vulnerable you are to the kind of unexpected expenses insurance can protect you from.

So shop around for the kind of protection that meets your needs, and find some room in that budget somewhere.

The unexpected comes out of nowhere. If you’re prepared, you can keep your balance.