How to Escape the High Costs of ACA Health Insurance by Becoming a College Student

Are you an early retiree struggling with the high premiums and deductibles of ACA health insurance plans?

If so, you’re not alone. Millions of Americans are facing similar challenges, and many are looking for ways to reduce their healthcare costs.

One potential solution is to enroll in a student health insurance plan.

Student health insurance plans are typically much cheaper than ACA plans, and they offer a wide range of coverage options.

Benefits of Student Health Insurance Plans

Lower premiums: Student health insurance plans typically have lower premiums than ACA plans. This is because students are generally younger and healthier than the general population, so they pose a lower risk to insurance companies.
Lower deductibles: Student health insurance plans typically have lower deductibles than ACA plans. This means that you’ll pay less out of pocket before your insurance coverage kicks in.
More comprehensive coverage: Student health insurance plans typically offer more comprehensive coverage than ACA plans. This means that you’ll be covered for a wider range of services, including preventive care, doctor’s visits, hospital stays, and prescription drugs.

Eligibility for Student Health Insurance Plans

To be eligible for a student health insurance plan, you must be enrolled in an accredited college or university. You must also be taking at least half-time (six credit hours for undergraduates, three credit hours for graduate students). The same rule applies to spouses and dependents. Some schools may also require that you be under a certain age (typically 26).

How to Enroll in a Student Health Insurance Plan

To enroll in a student health insurance plan, you must contact the student health center at your school. The student health center will provide you with information about the different plans available and help you choose the plan that is right for you. In most cases, you will be able to enroll in a student health insurance plan online.

Conclusion

If you’re an early retiree looking for a way to reduce your healthcare costs, enrolling in a student health insurance plan is a great option.

Here are some additional tips for finding an affordable student health insurance plan:

Shop around: Compare the plans offered by different schools before you enroll.
Ask about discounts: Some schools offer discounts on student health insurance plans for students who are members of certain groups, such as the military or veterans.
Consider a catastrophic plan: Catastrophic plans have higher deductibles than traditional plans, but they also have lower premiums. This type of plan may be a good option if you are healthy and don’t expect to need much medical care.

By following these tips, you can find an affordable student health insurance plan that meets your needs.