Why do I need TieCare Students?
The American health care system is the most expensive health care system in the world. To protect themselves from the high health care costs, students can purchase a health insurance. However, most colleges and universities in the United States require a very comprehensive health insurance that meets the F-1 and J-1 waiver requirements. The TieCare Students medical plans are designed to meet these requirements and offer an alternative to the costly university plans.
F-1 Student Visa
International students are required to apply for a F-1 visa when they are studying at a college or university in the United States. F-1 students must uphold a minimum course load to meet a full time student status. The F-1 waiver requirements vary depending on the college or university that will be attended. Coverage can be administered in a variety of ways:
- Mandatory Insurance Plan. In this case, you have no option but to purchase coverage predetermined by your college or university;
- Mandatory Insurance Plan, with Waiver. A mandatory insurance plan is offered, but students are allowed to waiver coverage if they can prove that they have a comparable international student health insurance plan;
- No Mandatory Insurance Plan. You are free to choose what kind of insurance you would like;
- Common School Insurance Requirements
- Adequate Policy Maximum;
- Relatively Low Deductible;
- Mental Health Coverage;
- Maternity Coverage;
- Pre-existing Condition Coverage;
- Emergency Medical Evacuation Coverage;
- Repatriation of Remains Coverage.
J-1 Student Visa
The J-1 exchange program was developed to promote learning across cultures between US residents and the rest of the world. The J-1 visa allows non-US residents to participate in educational exchange semesters, professional traineeships, summer camp placements and more. In some cases, rules ensure that J exchange visitors will have to return to their home countries after completion of the J-1 program. This ensures that the home country will benefit from the knowledge that the participant has gained. The US Department of State has set minimum J-1 health insurance requirements that your insurance plan must meet:
- Medical Benefits of at least $100.000 per accident or illness;
- Repatriation of remains in the amount of $25.000;
- Expenses associated with the medical evacuation of the exchange visitor to his or her home country in the amount of $50,000;
- A deductible not to exceed $500 per accident or illness;
- A policy underwritten by an insurance carrier with:
- An A.M. Best rating of “A-“ or above;
- A McGraw Hill Financial/Standard & Poor’s Claims paying ability rating of “A-“ or above;
- A Weiss Research, Inc. of “B+” or above;
- A Fitch Ratings, Inc. rating of “A-“ or above;
- A Moody’s Investor Services rating of “A3” or above.