It’s is probably true also that student coming from countries with affordable healthcare and medication think that they will never need a health insurance in USA, not knowing how expensive healthcare can be in United State.
There are enough benefit of insuring your Heath, Most of this economical plans pay up to $150,000 or even $250,000 per illness or injury. To a young person this certainly seems like a more than adequate amount. However, when you dig deeper within these policies’ details there are internal limits or caps on reimbursement amounts for particular services. For example, the reimbursement on surgeries can be capped at $4,000 maximum.
having a critical surgery will include costs for the facility, surgeons, anesthesiologists, lab, medications, dressings, and other medical services and supplies. That’s a huge amount of money. Something like appendicitis is unpredictable and can strike at any time. And the bills can be in the thousands of dollars. In fact, in 2014 the average cost of an appendectomy was $33,000 (1). With internal limits for surgery at $4,000 maximum, the student would be stuck with a $29,000 bill!
We believe a much more practical plan for students (without pre-existing concerns) would be a policy moderately priced with more liberal internal limits. Such a plan could be purchased for about $0.60 more per day. Under this plan, the same appendectomy would be covered at 80% of the bill until the member pays $2,000. Once the $2,000 is paid, eligible expenses are paid at 100%.
It’s critical to make sure students read the policies before making a purchase. We always advise they read and understand the table of benefits, the exclusions, and the definitions. Our job as insurance professionals, international student advisors, student health employees- all involved- is to help educate what is being purchased.