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Student Health Insurance

Students in Oregon are faced with the challenge of selecting and purchasing their own health insurance or supplemental insurance. Many are doing this for the first time. Others have gone without and perhaps haven’t weighed the risk of being uninsured. It is best to have coverage because you want to be prepared in the event of an accident. The good news, experts say, is that by doing their homework, students can determine the kind of coverage they need and can often cut premiums substantially.There are ways to reduce cost while getting proper coverage that most people don’t consider. One way is simply to comparison shop, and there’s nothing easier than doing it online or having an unbiased expert doing the shopping for you.” Here are some ideas for controlling your health care insurance premiums:

  • Comparison shop. You may be able to save money by exploring higher deductibles, a sensible option for young adults. The lower your deductible, the higher your premium. Compare benefits, deductibles and premiums and make sure, if you have a preferred physician, that he or she is in the plan.
  • Practice preventive care. Learn about preventive health screenings that are appropriate for your age and gender with your physician.
  • Understand health risks. Good lifestyle choices, such as regular exercise and eating vegetables and fruits, have proven to make a positive difference on health even when started in older years.
  • Build a good relationship with your doctor and participate actively in your care. Your doctor may be able to suggest alternatives that are less risky and costly.
  • Know what your medical benefits cover. Study the medical benefits of various plans and always compare before you purchase.
  • Consider same-day surgery or outpatient services. More than half of all health care costs are for hospitalization.
  • Check your hospital and doctor bills carefully. Notify your hospital and health plan promptly when errors are found.

A VitalOne health insurance agent will comparison shop for you. Let us help you find a plan that fits in your budget and will cater to your medical needs.

Health Maintenance Organizations (HMO)

A HMO is the least expensive type of Oregon 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 Oregon. 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 Oregon 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 Oregon, 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 Oregon POS providers.

Health Savings Accounts (HSA)

Health savings accounts have become increasingly popular in Oregon. 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 Oregon 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 Oregon 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 Oregon. 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 Oregon student health insurance quote that fits your budget.

Guaranteed issue student health insurance plans are available in Oregon. 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

Oregon 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 Oregon 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 Oregon: 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 Oregon accident insurance plan.