Dad is not as bright as I thought!
When your kids went through the admission process for your local college, they probably looked at the question about health insurance and ticked the box that said your family plan continued cover. They never gave it a second thought. Melanie was such a student. “I remember asking my Dad and he said, so long as I was in school full-time and under 25, I was OK.” But it turned out Dad hadn’t read the small print. The company had a special policy for health insurance for college students.
Melanie’s knee made a full recovery, but the family’s still feeling the pain of the unexpected debt. The moral of this story? Always check your existing policy. Most of the colleges and universities either have their own medical insurance policies or can point you in the right direction if your children are going to be without cover. If they fall sick and don’t have cover, they may not get treatment early enough. There are many economical policies aimed at the student market both for university and doctoral courses that can take some of the worry off your shoulders when they leave the nest and go live on campus.