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Are F-1 students and F-2 dependents required to have medical or travel insurance?

F-1 students and F-2 dependents are not required to have medical or travel insurance. However, it is always good to show some form of assurance that the student and dependents would be able to afford healthcare costs and not become a public charge, in case a treatment maybe required in the United States. This maybe a concern for a Consulate Officers (CO) while issuing F-1 and F-2 visas.