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Introduction to
health insurance for international students

Studying abroad is thrilling! But it comes with challenges. One big one – health insurance. Universities can even require it in many countries, including the U.S. and Canada. As an international student, it’s important to meet your school’s health insurance requirements. It’s your safety net against high health care costs from sudden illness or accidents. Without it, you could face big bills on top of your school expenses.

Health insurance options for international students

Navigating international student health insurance plans can be daunting. However, understanding the options available can help you make an informed decision that best suits your needs.

Here are the main types of health insurance options available to international students:

University-sponsored health insurance plans
Many universities in the U.S. and Canada offer international students health insurance plans. For international students looking to study in Canada, the specific requirements and availability of health insurance will depend on the province. These plans are often tailored to the needs of the student population, providing coverage for services on campus and in the surrounding community. University-sponsored plans are convenient and ensure that international students meet the minimum health insurance requirements set by the university and the government (when relevant). However, these plans can sometimes be more expensive than other options and may not provide coverage if you seek care outside of the university’s health care providers.

Private health insurance plans
Private health insurance plans are another option for international students. Insurance companies offer these plans and can provide a wide range of coverage options. They can often be more flexible than university-sponsored plans, allowing international students to seek care from a broader range of health care providers. However, the cost, coverage and eligibility requirements can vary significantly between plans, so reviewing the plan details is essential.

Government-sponsored health care programs
In some cases, international students may be eligible for government-sponsored health care programs. However, this is not an option for international students studying in the U.S. on an F-1 visa. These programs are typically designed for residents, but some countries extend eligibility to international study programs. In Canada, some provinces provide coverage under their provincial health care system to international students. These programs can provide comprehensive coverage at a low or no cost. However, eligibility requirements and coverage details can vary by program and location.

Travel health insurance plans
Travel health insurance is a temporary form of coverage designed to cover medical emergencies while traveling. Some international students may consider travel health insurance as an option for short-term coverage when they first arrive in their host country (in the event you’re unable to have your longer term plan). Travel insurance typically only covers emergencies, not routine health care or preventative services, so it’s not a suitable long-term solution.

What to consider when choosing a health insurance plan
Each of these options has its own set of advantages and disadvantages. It’s important to consider your health care needs, budget and the specific requirements of your host country when choosing a health insurance plan.
Regardless of what type of health insurance you choose as an international student, you will likely have to cover some – or all – of the cost out of pocket.

Explore Immigration Tips

Have questions about the visa process? MPOWER’s immigration resources are for students like you.

Learn More

Why choose MPOWER?

In addition to providing no-cosigner, no-collateral loans to international students, MPOWER Financing extends support for other essentials like health insurance.

Here’s how MPOWER distinguishes itself from other student loan lenders in supporting your health care:

  • Understanding your needs – Founded by international students, the MPOWER team comprehends the challenges faced. They assist you in navigating the U.S. health care system by partnering with insurance providers to offer you access to a health insurance plan that aligns with both personal needs and school requirements.
  • Flexible funding for U.S. Schools – Loans from MPOWER are not restricted to tuition fees in the U.S. They can be utilized for a range of expenses, including international health insurance, books, meal plans and housing. In Canada, MPOWER loans only cover tuition.

MPOWER offers holistic support for international students, recognizing that studying abroad is more than an academic venture. It encompasses a new realm of experiences, challenges and opportunities. Therefore, comprehensive support is provided to help navigate various aspects of the international study journey, including finding suitable health insurance for international students. The goal is to empower students to make informed decisions and fully embrace the international study experience.

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FAQs

Do international students need health insurance in the U.S.?

Yes, most U.S. schools require health insurance for international students. Additionally, healthcare in the U.S. can be very expensive without insurance.

Can MPOWER Financing help me find a health insurance plan?

Yes, MPOWER Financing has partnered with trusted insurance providers to offer health insurance for international students that meet your school’s requirements.

Can I use an MPOWER Financing loan to pay for health insurance?

Yes, MPOWER Financing loans can be used to cover not only tuition but also other expenses like health insurance, books, meal plans and housing in the U.S.

What if my school offers its own health insurance plan?

Some schools offer their own health insurance plan and automatically enroll students in it. However, you might be able to opt out if you find a different plan that meets their requirements and better suits your needs. Please contact your school to confirm your options.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

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