Such an agreement would make all of the benefits of the home HMO available through the cooperating agency. There is other fine print that is a must-read for parents. While most insurance policies allow coverage of children older than 18 while they are in college, some plans cap that at 21, others at 23, and still others at 25. And some insurance companies require proof the student is in school. Most often when an insurance company refuses to pay a claim it's because they say the parents have failed to provide transcripts.
Some companies require transcripts on students each quarter.
But their coverage is limited, and in ways students might not expect. Though the Companion Life policy is broader, reading through the brochure is like watching the incredible shrinking man. Birth control, routine physical exams, intercollegiate sports injuries, elective treatment for acne, weight loss, allergies, premarital exams and sleep disorders are among the things not covered. Neither are pre-existing medical conditions, unless they are congenital, covered for the first year. Maternity care is covered, but only so long as conception occurred after the policy was written.