What happened to student health insurance plans under the Affordable Care Act?
Did you know The Texas A&M University System (TAMU) sponsors a student health insurance plan offered by Blue Cross and Blue Shield of Texas known as AcademicBlue℠?
Student health insurance plans are not new. In fact, many states require coverage for college students, and the federal government requires some international students to carry health insurance coverage while attending college in the United States. As you would expect, most domestic students are covered as dependents under a parent’s plan until age 26, and most will stay on their parent’s plan-- but should they? The following information is brought to you by AcademicBlue to help you make decisions about how best to insure your Aggie.
As a result of the Affordable Care Act, student health insurance plans are required to provide the same health benefits as individual health insurance plans.
Before the Affordable Care Act, many student health insurance plans were not required to provide certain basic health benefits, such as preventive care, nor did they have out-of-pocket maximums, which provide a financial limit on the total dollar amount a student would be required to pay during a specified policy period.
The good news is that today’s student plans must provide federally mandated essential health benefits. TAMU students enrolled in AcademicBlue now have the same health benefits as individual plans, such as important preventive care that includes women’s preventive services with no cost sharing. Students in AcademicBlue have access to a broad network of providers through the BCBSTX Blue Choice PPO℠ network so they are covered at home, at school or while traveling.
For some students, the student health insurance plan may be a better choice than remaining on their parent’s plan. Most student health insurance plans have lower premiums compared to individual plans or even dependent coverage under a parent’s plan.
Student Health Services offers 100 percent coverage for eligible services on the TAMU campus.
Student Health Services (SHS) is a large on-campus healthcare facility that offers a range of services to support the health and well-being of TAMU students. SHS has made arrangements with an AcademicBlue representative to meet with students on a weekly basis at SHS to make sure that students have the information they need to make the most of their insurance plan benefits. Go to shs.tamu.edu to see what SHS has to offer.
Do the math and see if the AcademicBlue student health insurance plan is a smart move for your student!
AcademicBlue is offered by Blue Cross and Blue Shield of Texas, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.