Welcome to insurance - Edit 1
Before modification by BlackAdder at 08/06/2010 04:00:58 AM
They said that if all the healthy patients opted out for cheap health insurance policies, then they wouldn't be able to offer policies for people with health conditions. Their solution for this was to make their expensive insurance mandatory for everyone.
Yes, that's how it works. Healthy people subsidize the medical expenses of people who aren't. They (the insurers) have to get a large enough pool, otherwise they get hit with losses. Especially since it seems like they are charging everyone the same premium, regardless of how healthy they are or how healthy their lifestyle is.
This doesn't sound legal to me, it sounds like they are steering people into just one plan. I thought people were supposed to have a choice. Even when we have a job and we are offered health insurance from just one company we are still given the option of taking it or not.
I'm pretty sure there could be a lawsuit over this kind of thing, but I don't want to create a big stir in school-- I just want to save that money every year. $4000 a year after 4 years is a substantial amount of money. The fees I listed before weren't even all the fees that they charge for health insurance-- there are a couple more.
I'm pretty sure there could be a lawsuit over this kind of thing, but I don't want to create a big stir in school-- I just want to save that money every year. $4000 a year after 4 years is a substantial amount of money. The fees I listed before weren't even all the fees that they charge for health insurance-- there are a couple more.
I'm not sure about the legality, but I know medical schools have rules about what liability limits and coverage limits a student must have on their insurance policy. Presumably it would be legal, since this is not the first time I've heard of it.
What do I find strange is that they are forcing you into their one plan and not giving you a choice of shopping around, even within their policy guidelines.