On first blush, this looks like phenomenally good coverage for the cost. $1970 for the year. $7150 out of pocket maximum. 80% coinsurance after a $250(!) deductible.
The ACA limited how much cost discrimination insurance companies can do by age, and I am wondering if college plans are a workaround - it's not age descrimination, per-say. But the risk associated with students is much, much lower than on the marketplaces.
College plans are considered "special-risk" plans and therefore aren't obliged to follow ACA guidelines at all.
So they can do tricky stuff ACA banned like have low lifetime maximums, exclusions, and kick you off the plan when you drop out of school because you're too sick.
It is age discrimination. People who were silo’d in employer plans and other lower risk pools than the general public were incensed they would have to help pay for everyone’s healthcare, so they lobbied to be exempt from ACA.
It’s a major hindrance to proper insurance mechanisms when your healthiest lives aren’t on healthcare.gov. Ideally everyone would be forced into the same marketplace subject to the same sick and healthy lives proportions so the costs are spread out evenly.
On first blush, this looks like phenomenally good coverage for the cost. $1970 for the year. $7150 out of pocket maximum. 80% coinsurance after a $250(!) deductible.
The ACA limited how much cost discrimination insurance companies can do by age, and I am wondering if college plans are a workaround - it's not age descrimination, per-say. But the risk associated with students is much, much lower than on the marketplaces.