They’re finally on their own and in charge of their own schedule, living life away from the care of their parents. Not to mention, most college students have relatively low bills and very few responsibilities outside of school.
From the time that the Affordable Care Act was first launched through Healthcare.gov in October 2013, the plan’s designers were terrified that young Americans wouldn’t sign up for health insurance.
A massive campaign was launched specifically targeting young people – particularly the millions of students whose participation the law couldn’t work without.
The National Center for Education Statistics found that in 2014 more than 3 million people were expected to graduate college (with an associate’s degree, bachelor’s degree, master’s degree or doctor’s degree) .
While many of these new grads will find jobs immediately, for some, it may take a while.
There are several things college students need to know before they buy car insurance. Considering that insurance for young drivers can be very expensive, they should definitely try and get a discount, but they have to know which requirements they might have to meet in order to be eligible for a discount. One thing that can help them get a discount, that can be as high as 15%, is make sure they get good grades, and maintain a B average or better. Also, they have to take the numerous factors that may affect their insurance rates into account before they start shopping for insurance.
Your son or daughter is off to the big new world of college.
He or she is moving out from the family home and will soon be on his or her own.
Some things, though, won’t change, just like she/he may come home to do laundry or he/she will probably still send you a text asking for more money.
Health insurance is one of those things that need to stay constant. Just because your child has moved on doesn’t mean you should stop insuring them.Also, the Affordable Care Act offers more choice and options on health care options for young adults, including college students.