Georgia Colleges Just Got More Expensive

Georgia college students on HOPE scholarships will have to pay more to go to college and now their health insurance will increase dramatically as well. As reported by the GSU Signal, provisions of Obamacrap will apply the same rules to student health insurance that apply to everyone else. 

 

The law not only provides for more affordable coverage, but also allows young adults to stay on their parents' coverage until the age of 26. Also starting in 2014, insurance companies will not be allowed to discriminate on the grounds of preexisting conditions young adults may have.

The new proposal attempts to extend these rights to those students who buy healthcare through their university.

The HHS proposes that protections like the patients' bill of rights be extended to college students, meaning that students enrolled in college health plans will not have to worry about losing health coverage if they become sick. They will also have full access to emergency room services and can receive preventive care.

Insurance companies will not be allowed to limit the lifetime amounts spent on health benefits.

All of these things, plus a few others, are what kept premiums for students at GA State University somewhat low. Now, in addition to paying more in tuition and books, they will also see their premiums rise significantly for the 2012-2013 school year.

Having had two students in Georgia universities at the same time I know just how lousy the coverage was that was offered to students. It was so bad, I put both children on individual health insurance policies that were REAL major medical plans, not limited benefits.

Among the limitations in the current plan, pre-existing conditions are not covered during the first 12 months.

May not sound that bad, but the policies are issued for 12 months or less so pre-existing conditions are NEVER covered.

The maximum out of pocket per person is $10,000 per year. That is tough enough for a student (or their parent) to come up with but then you have to remember the plan has an annual cap on benefits of $100,000 so you really should say your out of pocket is $10,000 plus anything in excess of $100,000.

And then what happens if you become ill or injured toward the end of your policy term?

You can apply for a new policy but . . . your condition will not be covered under the new plan.

What about prescription drug coverage?

Well your GSU plan limits outpatient drug benefits to $1,000 per year.

OK, so you are probably thinking, big deal. College students never get sick or seriously injured.

Well why not just Google it?

Guess what.

It is not just accidents. College students can develop all kinds of serious illnesses without warning. They are not bullet proof.

Premiums will increase 3.5 percent for mandatory undergraduate students, 3.5 percent for mandatory graduate students and 15 percent for students who voluntarily buy healthcare through the Student Health Insurance plan for the next academic year.

I find that statement to be incredulous.

As a professional with more than 35 years in the health insurance industry there is no way the new plans can remove lifetime and annual caps as well as providing a full Rx benefit with only a 3.5% increase.

Of course they could achieve that by revamping the plan and dropped Rx altogether, added in new and higher deductibles and higher out of pocket limits.

In other words, take a bad plan and make it even worse.

If your Georgia college student needs affordable health insurance and a good plan, ask Georgia Insurance Shop for a competitive quote.

 

 

 

 

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