Most Popular Myths About Buying International Student Insurance: We have collected and discredited the best-known myths about international student health insurance to make sure you are as knowledgeable as possible when evaluating your insurance options.
5 Most Popular Myths About Buying International Student Insurance
Myth # 1: I do not need insurance because I’m not going to get sick
Myth # 2: I can buy insurance only when I need it
Myth # 3: If I use my health insurance, my premium will automatically rise
Myth # 4: All International Student Health Insurance plans are the same, so I just need to find the cheapest plan
Myth # 5: If I have health insurance, I have nothing to worry about because I will always be covered
Myth # 1: I do not need insurance because I’m not going to get sick
Accidents and illnesses can occur at any time. There is no way to predict when they are going to happen and it is never a good idea to leave your health or financial situation to chance.
Keep in mind that health insurance is specifically designed to help you find a doctor near you and help cover a part if it is not the entire cost of your visit. Without insurance, you will be responsible for the total cost of your medical bills, which could be in the thousands and thousands of dollars, especially in the United States, because health is much more expensive.
Myth # 2: I can buy insurance only when I need it
The insurance is intended to protect you from unforeseen future events. That said, most plans do not cover the conditions you had before the effective date of your insurance plan. These pre-existing conditions can be met after a waiting period of at least six months, but sometimes they are completely excluded from the plan.
Think of it this way, you can not buy car insurance to pay for an accident you have already had and health insurance works on this same principle. It is important to buy insurance before you really need it.
Myth # 3: If I use my health insurance, my premium will automatically rise
The prices (called premiums) that you pay for insurance plans go to a reservation and are then used by the insurance companies to pay the medical bills (called claims ) of all the people insured under the plan. So, as long as the premium amount that goes into the company is approximately the same amount that the insurance company pays, the prices of your insurance will remain the same. That said, even if the premium does not increase after seeking treatment, it’s not thanks to you alone.
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Never be afraid to use your insurance plan because you think your rates may increase. You bought the plan to be able to use it and remember that you can always contact your insurance company before seeking treatment to make sure that the cost will be covered.
Myth # 4: All International Student Health Insurance plans are the same, so I just need to find the cheapest plan
No two insurance plans exactly the same. There are many international student insurance plans available, each with different prices and that meet different needs. While finding an economic plan is ideal, it is even more important to make sure that your plan covers everything you need such as sports, maternity, mental health, emergency medical evacuation, and repatriation.
Another thing to keep in mind is that different policies also allow you to have insurance for different periods of time, so be sure to read our article. Long-Term if you are still deciding between the two.
Depending on the country and institution in which you are studying, you may also have to meet specific insurance requirements. For example, international students in the US With an F-1 visa, they do not have to comply with federal regulations, but they must comply with all the requirements of their school.
Myth # 5: If I have health insurance, I have nothing to worry about because I will always be covered
Having a student health insurance can protect you from the unexpected, yet your plan will have a list of exclusions that are not covered.
- What happens if you have an accident while you were drinking alcohol? – Would that be covered?
- if you were injured playing tennis at school? – Is that excluded from your plan?
- What happens if you need to get an immunization to enroll in the classes? – Would that be covered?
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Even if your medical expenses are covered, you may have out-of-pocket expenses, such as coinsurance, for which you will be responsible for paying. For questions about what may and may not be covered by your insurance plan, be sure to contact your insurance company for clarification.
