Health Insurance for College Students: Your Options

College students have several health insurance options: staying on a parent's plan until age 26, enrolling in a university student health plan, purchasing an ACA marketplace plan, or qualifying for Medicaid. The best option depends on your age, income, and whether your school offers coverage.

Option 1: Stay on a Parent's Plan

Under the ACA, you can remain on a parent's health insurance plan until age 26, regardless of whether you're in school, married, or financially independent. This is often the most affordable option if your parent has employer or marketplace coverage.

Option 2: University Student Health Plans

Many colleges and universities offer student health insurance plans. These typically cost $1,500-$3,000/year and provide coverage through the school's health center and local provider networks. Coverage may be limited during summer breaks.

Option 3: ACA Marketplace

Students with low or no income may qualify for very affordable marketplace plans with subsidies. A student earning under $20,000 could pay $0-$50/month for a Silver plan.

Option 4: Medicaid

Medicaid eligibility varies by state. In states that expanded Medicaid, students earning under approximately $20,800/year may qualify. Check your state's Medicaid program for specific rules.

Need help figuring out the best option? Resilience Health Advisors advises students and families across the nation. Get a free consultation.