Let’s look into claim record of international students in U.S and then choose a reasonable waiver plan against school insurance. One in six students has a claim for medical services and the 16% students claimed medical services approximately three times per year.
There are similar ratios between accident and sickness claims but sickness claims were a little more than accident claims and the average medical bill of them was $2,700. When this claim.
When we apply above record to Chinese student in U.S, we could get a very interesting results as below
- Provided I, Chinese students in U.S are 160,000
- Provided II their insurance plan have the condition of co-insu 80%, out-of-pocket Max $5,000, Ded $100(Usual conditions)