[2024-2025] Insurance Waiver Guide for Pratt Institute

[2024 -2025] Pratt Institute Student Insurance Waiver Guide 

how to waive student medicover

Pratt Institute 2024 Deadline to Waive

Oct 1,2024 11:59:59 PM PST

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“ Simply submit your waiver with us

save up to $1,888

a year from your insurance cost! ”

1. What is an Insurance Waiver?

The university requires all international students to enroll in medical insurance while studying abroad in the United States. In your Pratt Institute student account, you will see that Pratt Institute has automatically posted fees for the university’s Student Health Insurance Plan. 

However, international students can enroll in a surprisingly more affordable plan designed specifically for them. 24-25 policy year, Pratt Institute’s insurance plan costs up to  $3,177 a year. Alternatively, health coverage for international students can be as low as $1,289 a year.

An insurance waiver is an application to opt out of the school-provided plan and go with the plan that better fits your needs. For school-specific waiver regulations, please refer to your school’s website.

waive-guide

2. Why are Alternative Health Insurance Plans More Affordable?

The insurance costs are calculated based on the risk factors; demographic factors are essential to the health insurance cost. Health insurance plans offered by universities or colleges are usually more expensive because the plans serve a broader range of the population, including international and domestic students.

In comparison, Student Medicover provides medical insurance specifically for international F1 students and J1 Scholars. While offering quality health insurance, Student Medicover insurance plans can often save students $1,000-$3,000 per year, with comparable or better benefits.

insurance waiver

3. How to Pick a Health Insurance Plan?

A good insurance plan protects you from minor illnesses, as well as serious injuries and diseases. When you’re looking for a plan, consider the following factors: 

  • The Cost

Some plans are much more cost-effective than others. But the cost is not the only factor you need to take into consideration. Cost should be compared at the same level of coverage and benefits. A plan with limited coverage can lead to catastrophic financial loss.

  • Insurance benefits

Read the insurance policies carefully, especially the schedule of benefit and exclusion sections. A good insurance plan should have a low deductible, high coinsurance, low copays, and a low out-of-pocket maximum.

  • Provider network

The Provider network is a group of care providers partnering with the insurance company to provide you with pre-negotiated rates. A powerful network allows you to find trustworthy doctors, clinics, urgent care centers, pharmacies, and hospitals wherever you need them.

Overall, it’s important to carefully compare the coverage and benefits of any health insurance plan before making a decision, as lower costs may come with trade-offs in terms of coverage or access to care.

4. Student Medicover Insurance Plans vs. Pratt Institute Insurance Plan 

Pratt Institute SHIP

$3,177
/ yr

Supreme

Preferred

UHCSR Top Level Coverage Plan

Add-on medical and insurance benefits

$2,359
/ yr

Elite

Elite

Deductible Low to $0

Coinsurance Up to 90%

$2,245
/ yr

Prime 100

prime

Affordable Deductible

$200 Adult Vision Benefit

$1,603
/ yr

Prime 500

Basic

100% Cover Preventive Care

School Vaccinations in Preferred Providers

$1,289
/ yr
save $1,888

By waiving Pratt Institute-sponsored Student Health Insurance with Student Medicover you can save up to $1,888!

Note: the premium rates are shown for insured under the age of 25, please contact us for the premium rates or plan options for other age groups.

5. How do Pratt Institute Students Stay Covered with Student Medicover?

SM Users Insurance Claims Cases
Other Student Medicover Insureds Testmonials
During the year of using Student Medicover Prime 500 Plan, l was very impressed.l had a total claim of more than $11k! After getting the helpfrom SM, I now only have to pay $1.7k to thehospital (without any further financial assistance)!I think that's huge, it's almost like paying just 10% of it.
VT
Aubrey Sendler
F1 Student Prime 500
I am allergic to peanuts and my face was severely swollen afterl accidentally ate a peanut pie at theparty. However, There's no available appointments when l visited Student Health Center, so l found an in-network urgent care center through SM website for instant treatment.This walk-in experience was super convenient.
UCI
Mike Stuart
F1 Student Supreme
Student Medicover Plan covers HPV vaccines. I went to the CVS near university for the 2nd shot of HPV. I was really impressed by their customer service team. My representative Emma was super helpful, she even helped call the CVS to check the stock, which saved me a lot of time.
UVA
Tina Kunis
F1 - OPT Student Prime 500

7. How to Enroll and Waive?

Waiver Steps for Pratt Institute are updating, please come back soon for the latest information. We are working to ensure that our waiver process is as clear and efficient as possible. In the meantime, please feel free to explore our website for general guidelines and contact our support team if you have any urgent questions. 

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