• 27
  Nov
  2009

• Watch that deductible, it could prove too costly

  Filed Under: Health Insurance

Many international students who visit the USA for their higher education do not fully comprehend the meaning of all the terms associated with international student medical insurance policies. Since the University makes it mandatory to have some minimum health insurance and also conveniently offers a policy that meets all demands, many students do not think much before signing up for that.

However, mandatory or not, you are still paying for it. The health insurance should actually be of help if and when you need it. It really is very simple to understand some very basic terminology associated with a policy.

Deductible is the minimum amount you need to pay out of your pockets before the insurer will pay for the rest of the bill. Now, many students decide to buy a policy with a high deductible. The immediate advantage seems obvious, since the premium comes down drastically. But, before you accept a deal like that, remember that it can prove really costly in the longer run.

We are not saying that a high deductible in an international student insurance policy is always a bad thing. It can be a good way of keeping premiums low, but you need to understand the risk before deciding to go that way. Commenting is not available in this channel entry.