Student Health Insurance

Choosing quality yet affordable health insurance in Mississippi can seem impossible at first. However, once you know what to look for it is easy enough to compare policies and choose the one that is best for you and your family’s needs.
Family health insurance is one of the best ways to protect their health. Normally, family health insurance plans consist on an individual (usually a parent or other adult) adding immediate family members to their policy. Affordable family health insurance usually costs less than having a separate health insurance policy for each person. Also, a family health insurance plan usually has a higher coverage cap or lower combined deductible than an individual one.

There are a variety of family health insurance plans. It is very important that you balance the cost of coverage with the medical care your family needs. You may want to take less risk with your family health insurance than you would with your own. A comprehensive family health insurance plan that covers prescriptions and regular doctor visits may end up being more affordable in the long run, especially if you have a large family. Indemnity plans come with lower family health insurance premiums, but only cover catastrophic medical costs; most preventative care must be paid out-of-pocket. However, it may be suitable if any of your family members are attached to a particular physician or specialist not included in a managed plan network. You need to take your family’s health and needs into account, as well as your own, when choosing affordable family health insurance.

VitalOne will assist you in finding the best family health insurance solution for you and your family. Having several members sign up with a different family health insurance carrier than the others may be the best decision for you; or maybe having the whole family under the same insurance policy is ideal. We can help you compare all of your options, and give you several family health insurance quotes from trusted companies.

Health Maintenance Organizations (HMO)

A HMO is the least expensive type of Mississippi student health insurance, which is especially important in college! However, HMO health insurance is not as flexible as other types, which can make it less than ideal health insurance for students. You need to use the primary care doctors, specialists, hospitals, etc. included in the HMO health insurance plan’s network in order to maximize the benefits of your college student health insurance. When choosing an HMO student health insurance plan, you need to make sure that you can find doctors in your network both near your dorm and your home, whether you live or study in Mississippi. That’s because using an out-of-network provider means that you’ll have to pay full price. Some HMO networks are larger than others, so comparing students’ health insurance is important. In addition, you will have to see your primary care physician for non-emergency referrals to a specialist–which can be difficult, depending on your schedule.

VitalOne can help you when buying cheap student health insurance by comparing the coverage and rates of various health maintenance organization plans.

Preferred Provider Organizations (PPO Plan)

PPO student health insurance plans, like HMOs, have a network of professionals that provide services at a cheaper rate. However, a PPO plan gives you more choice. Selecting a primary care physician isn’t required, and you can visit a specialist without a referral–which reduces inconvenience for students. In general, co-payments are higher than with other student health insurance plans. PPO plans may also make you pay a deductible. Still, PPOs can be a great way to get affordable Mississippi student health insurance with greater freedom.

At VitalOne, we can provide you with a student health insurance quotes from major health insurance companies.

Point of Service Plans (POS)

A point of service plan is a cross between a HMO and a PPO. Similar to a HMO student health insurance plan, you must first select a primary care doctor from their network. Your primary care physician can then give you referrals to any specialist, whether or not they are inside the network. POS plans let you visit any medical provider you want, although going outside of the network will cost you more out-of-pocket. Receiving out-of-network health care also makes you responsible for keeping track of and submitting paperwork to get reimbursed by your college students’ health insurance at the lower rate. On the one hand, you can visit doctors whether you’re on campus in Mississippi, home for the holidays, or on spring break. However, the claims filing process may be too much to fit into your busy schedule. Point of service plans force you to give up some control of your health care, in exchange for cheap student health insurance.

In some ways, POS plans are the best of both worlds when it comes to health insurance for students. If you’re considering a POS plan, VitalOne can help you choose from several Mississippi POS providers.

Health Savings Accounts (HSA)

Health savings accounts have become increasingly popular in Mississippi. HSA plans transfer more of the control and responsibility for your student health insurance plan to you, while helping you save money. Pre-tax dollars are deposited into an HSA plan, which can then be used to buy qualified medical products and services. Approved expenses include doctor visits, hospitalization, and both prescription and over-the-counter medicines.

In most cases, high-deductible student health insurance plans are combined with HSAs. With these plans, you get a lower student health insurance quote; this is because the deductible can cost up to several thousand dollars per year. This is because the tax-exempt health savings account is intended to cover most minor and moderate medical expenses. A HSA can be the cheapest Mississippi student health insurance available. For generally young and healthy university students, your savings on premiums will outweigh the increased out-of-pocket expenses. Ask VitalOne to help you select the best health savings account and high-deductible health insurance for Mississippi students.

Guaranteed Issue Health Insurance

If you have a pre-existing medical condition, you may think affordable student health insurance is out of reach in Mississippi. That is not necessarily the case with guaranteed issue college student health insurance. This type of insurance is required to cover anyone who applies, regardless of health status. Students with conditions such as cancer, diabetes, high blood pressure, or a current pregnancy may benefit from buying student health insurance with pre-existing conditions. As for-profit student health insurance providers don’t want to cover someone who is already sick, premiums may be slightly more expensive. Still, VitalOne is ready and able to find you a guaranteed issue Mississippi student health insurance quote that fits your budget.

Guaranteed issue student health insurance plans are available in Mississippi. These plans give you the benefit of using extensive PPO networks such as Multiplan. Compare guaranteed issue college student health insurance plans with us today.

Life Insurance

Mississippi now has tens of thousands of so-called “non-traditional” college students. Whether you are going back to college full-time after taking time out for work or parenting, married, or have children, Life insurance allows you to care for your family after you’re gone. It pays out a specified lump sum upon an individual’s death. The main types of life insurance are term life, whole life, variable life, and universal life. The most affordable type is term life insurance. It covers you for a set time period, usually anywhere from one to 30 years. Face value amounts for term life insurance policies begin at $5,000 and can reach millions of dollars.

How much life insurance do you need? Several factors should be considered. A life insurance policy should cover at least several years of your annual income. The higher your income, the higher the cash value of your policy should be. If you have many outstanding debts, such as student loans, you may want to take those into account, as well. It is also important that the monthly premiums for your life insurance policy are affordable. VitalOne is there to help you during this complex process. Our licensed insurance brokers can help you select the right life insurance plan for your needs.

Critical Illness Insurance

Critical illness insurance pays you a lump sum if you experience a major medical condition covered in the policy. Diseases, surgeries, and injuries included in typical critical illness insurance policies range from cancer (whether or not it has spread), heart attacks, organ transplants and strokes to severe burns, paraplegia, blindness, or deafness. Sometimes, affordable student health insurance doesn’t pay for all of the costs associated with a critical illness. For example, patients are sometimes transported to distant hospitals that specialize in certain types of treatment. The payout you receive from critical health insurance could pay for your family and friends to stay with you during your hospitalization. The money can also be used for mortgage payments, student loan payments, or anything else that would help reduce stress and allow you to focus on your recovery.

Several conditions can be bundled together in one individual critical illness insurance policy. A certain percentage of the coverage can be paid out upon initial diagnosis, while more can be paid in the case of a recurrence or developing another condition. The younger you are, the cheaper Mississippi critical illness insurance is. You also need to be careful to know what conditions are excluded, and how long the waiting period before receiving payment is. Similar to buying a life insurance policy, the amount of coverage you get depends your income and outstanding debts. VitalOne can help you decide which critical illness insurance policy is best for you.

Accident Insurance

There are two main types of accident insurance in Mississippi: accidental death and accidental death and dismemberment (AD&D). AD&D coverage is more extensive: it pays out upon either death or specified serious injuries. In contrast, accidental death insurance only covers a person’s death that directly results from an accident (such as a car crash) as opposed to health-related deaths. Student accident insurance is cheaper than standard life insurance because there is a smaller chance that you will die or be severely injured from an accident; therefore, insurance companies can afford to pay several times what you would expect. Unfortunately, these policies do not apply to any medical illnesses, drug overdoses, surgical errors that cause your death.

Accidental death insurance are meant to cover the higher cost resulting from a sudden death as opposed to a somewhat expected one from an illness. The latter allows more time for planning arrangements, while last-minute expenses and emergency medical costs can be prohibitive. Accidental death and dismemberment insurance normally pays out 50% of the policy upon losing one major member of the body (limb, hand, foot, or eyesight in one eye), with the full payout given upon an individual losing two. The money is intended pay for medical care and accommodations needed after the accident. Accident insurance can be purchased by itself, or as a rider added to any college student health insurance or life insurance policy. VitalOne can explain the benefits and limitations of accident insurance policies and help you find an appropriate Mississippi accident insurance plan.