Cheapest Student Insurance Plans: Plans @ 1/3rd Price of the University Insurance

Student Cover has the most cost-effective insurance plans with acceptable benefits. Not only they can be bought around 1/3^rd cost when compared with the Insurance plans from Universities in the U.S. but they are also acceptable by almost all the Universities as they have leading insurance features and benefits.

In the U.S., there exists no concept of public health care unlike countries UK or India, which have either government-sponsored public health care system or public health insurance companies which cover the general public automatically. In the absence of the same, it is an open market of health insurance in which almost all the players are private health insurance companies.

Almost every University in the U.S. has a tie-up with any of the private health insurance companies through which it offers these insurance plans to every international student (with few exceptions). The average annual premium of these plans is around $2,000, which seems on higher side especially to students from India. Plans offered by some of the University may go up to $4,000/year. To avoid the Universities to monopolize in this regard, the government has forced them to not to make the university sponsored health insurance a mandate for an international student.

Barring a few of the Universities, every University also gives an option to international students to take a health insurance plan from an external health insurance provider only if it fulfills insurance requirements laid down by the University. If a student chooses a plan which fulfills the requirements of the University then the student can waive the University Sponsored Insurance.

Now, Seeing the value of Rupee dropping by the day it is getting difficult especially for the Indian students visiting the USA as they have to expand their study abroad budget. So, it has become all the more important for students to save every single cent they can.