Avoid Paying Twice for Your College Student

Many college students already have health insurance under their parents’ health insurance policy.  Yet, they pay for the group insurance covered by the college.  This double payment of health insurance for your college student can cost you thousands of dollars a year.

Why don’t students who already have health insurance simply opt out of the school policies? One reason is the backward way many schools’ insurance programs work. Coverage is automatically provided for all students (and billed along with tuition, room and board, activity fees, and other costs) unless they fill out forms proving they’re eligible to opt out. This system is confusing enough to prevent thousands of students and their families from avoiding, or even being aware of, the double coverage.

In this tough economy, every bit counts.  Check with your student’s school health insurance policy to opt out of the plan or adjust your plan accordingly.