Cheap Student Health Insurance: How to Get Coverage on a Budget

Shawn Plummer

CEO, The Annuity Expert

Cheap Health Insurance for Students

What Are the Options for Affordable Student Health Insurance?

Students have several options for affordable health insurance:

  1. Parent’s Health Insurance Plan: Students under 26 can often remain on their parent’s health insurance plan.
  2. University-Sponsored Health Insurance: Many colleges offer their own health insurance plans for students.
  3. Medicaid: Students with low income may qualify for Medicaid, a public health insurance program.
  4. Catastrophic Health Plans: Designed for people under 30, these plans have lower premiums but high deductibles.
  5. Short-Term Health Insurance: Offers temporary coverage but may have limited benefits.
Cheap Health Insurance For Students

How Can Students Find the Best Deals?

To find the best deals, students should:

  1. Compare Plans: Look at different insurance providers and plans to find the best rates and coverage.
  2. Check for Subsidies: Determine if you qualify for any government subsidies to help lower costs.
  3. Utilize School Resources: Consult your university’s health services for guidance on student-specific plans.
  4. Consider Health Needs: Choose a plan that covers your specific health requirements, like regular medications or treatments.

Use The Annuity Expert health insurance marketplace to shop for quotes that are tailored to your needs

Examples of Affordable Student Health Insurance Plans

  • University Plan: For example, a state university might offer a comprehensive health plan for $200 per month.
  • Catastrophic Plan: These plans might cost around $100 per month with a high deductible.
  • Medicaid: Depending on the state, students might pay very little or nothing for coverage.

Related Reading: International Student Health Insurance

Comparison of Student Health Insurance Options

Type of InsuranceTypical CostCoverage LevelBest For
Parent’s PlanVariesComprehensiveUnder 26, living near parents
University Plan$100-$300/monthVariesOn-campus resources
MedicaidFree/Low costVariesLow-income students
Catastrophic Plan<$100/monthMinimumHealthy, under 30
Short-Term PlanVariesLimitedTemporary coverage needs
Best Insurance For Students


Finding affordable health insurance as a student involves comparing different options and understanding your health needs. Evaluate plans based on cost, coverage, and eligibility to find the most suitable option. For more detailed information and personalized advice, Contact us today for a free quote.

Related Reading: International Student Health Insurance

Student Health Insurance Quotes

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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