For many individuals navigating the arena of healthcare, the introduction of ‘marketplace insurance‘ provides a compelling model for securing coverage for all, especially students in college. Marketplace insurance is a platform that provides a unique opportunity for people to find, compare, and purchase health insurance policies. As an instrument of the Affordable Care Act (ACA), it is designed to act as a one-stop shop for health insurance seekers, facilitating insurance access in an easy, comprehensible, and convenient manner.
The healthcare marketplace operates as an online shopping hub, where potential insureds can visit and pick the coverage that suits their needs best. Here, insurers present various insurance packages categorised according to essential health benefits. These include emergency services, maternity and newborn care, prescription drugs, rehabilitative services and devices, chronic disease management, amongst others. Each insurance company’s offerings are divided into four categories based on the percentage they pay towards the covered benefits: Bronze, Silver, Gold, and Platinum.
Bringing the marketplace insurance model closer to home, there’s a pertinent need to address the reality of students in college seeking affordable insurance coverage. For a significant number of students, moving away from their parents’ health insurance coverage is a step they need to make. Here, marketplace insurance offers an amazing alternative.
One area where marketplace insurance proves its value is in providing comprehensive coverage for students. The increasingly common occurrence of mental health challenges among students is a key consideration in ensuring students have access to extensive care. It helps keep students physically and mentally healthy while they juggle the pressures of academic rigors, social expectations and the usual strifes of early adulthood.
Moreover, with enchanting technological advancements witnessed in the healthcare sector, marketplace insurance providers have embraced the trend by integrating ‘virtual mental healthcare for students in college’. This approach advocates for virtual consultations with licensed therapists and psychiatrists, for students to access from anywhere. It becomes imperative especially when students are away from home and feel isolated or overwhelmed by the pressures of college life.
Post-secondary students have a plethora of options on the marketplace. If you’re under 26, you can remain on your parent’s health insurance plan. However, if you decide to shop in the marketplace, there’s a chance you’ll qualify for premium tax credits and other savings, depending on your income.
Students who require mental health services can also explore the online mental health support options offered through the marketplace. Provided their plan includes mental health coverage, they qualify to use the services covered under the ‘virtual mental healthcare for students in college’ provisions, at no extra cost.
In conclusion, marketplace insurance is a comprehensive, accessible and affordable solution for many individuals, most notably college students. With the added benefit of ‘virtual mental healthcare for students in college’ provided by some insurers, the system offers an excellent platform to address both physical and mental health needs in a segment of the population that often falls through the cracks. As a key strategy adopted in response to the changing times and needs of the healthcare consumer, marketplace insurance promises to be an effective avenue for universal healthcare delivery.