Costs and Coverage Archives – Academic HealthPlans
 

How Does the ‘No Surprises Act’ Affect Students?

Costs and Coverage, Risk Management

by Elizabeth Marks, Senior Strategy Consultant

On December 27, 2020, the No Surprises Act (NSA) was signed into law as part of the Consolidated Appropriations Act of 2021. This act addresses surprise medical billing at the federal level. The regulations generally apply to group health plans and health insurance issuers for plan and policy years beginning on or after January 1, 2022.   The regulations specifically note that Individual health insurance coverage includes coverage offered in the individual market, through or outside of an Exchange, and includes student health insurance coverage. The applicable provisions will go into effect on the 2022-23 plan renewal date.

Continue reading
 

Risk Strategies Student Health Practice Launches First Annual Survey to Look at Student Health Insurance Trends

Ancillary Coverages, Costs and Coverage, International Students, Risk Management, Student Affairs, Value-Added Benefits

15-minute survey incorporates analytics, set to become industry standard for health insurance insights; will provide beneficial data on student plans, costs, and future trends

Grapevine, TX June 22, 2021 – To provide the knowledge and insights that will help improve products and services for colleges and universities, as well as the students they serve, Risk Strategies Student Health Practice is sponsoring its first Annual Nationwide Student Health Benchmarking Survey. The independently developed and analyzed survey findings will establish and track national benchmarks year-over-year on school plan features and emerging trends in health care.

The Risk Strategies Student Health Practice is comprised of Academic HealthPlans (AHP), University Health Plans (UHP), and Specialty Insurance Solutions (SIS). Together, they provide student health insurance consulting and administrative services to over 350 institutions of higher education nationwide and serve more than 450,000 students.

Continue reading
 

The Benefits of Tuition Insurance Auto-Enrollment

Ancillary Coverages, Costs and Coverage, Risk Management

Tuition insurance is designed to protect students’ and their parents’ investment in higher education. This protection is needed because most school’s refund schedules provide no refunds after the first few weeks of an academic term.  Many students assume refunds are available throughout the academic term if a medical withdrawal becomes necessary, which is not usually the case.

Continue reading
 

Claims are Key – a Guide to Claims Audits and Readiness Assessments

Costs and Coverage, Risk Management

Properly adjudicated claims are a key goal of claims administrators, colleges and universities, and student members alike.

Inaccurately processed claims can end up being timely and costly. Overpaid claims will negatively affect claims experience leading to higher premium renewals. These can be especially harmful for self-funded plans where the college or university holds the risk. Underpaid claims can lead to additional time processing claims and handling appeals and some unhappy members.

The good news is that claims administrators take this very seriously and have comprehensive processes in place to ensure timely and accurate claims processing. That said, there may still be some that initially slip through the cracks.

Continue reading

Search AHP Articles

Like what you see?

Be the first to get student health savvy with our newsletter.

Subscribe Now

Get student health savvy with our Academic Insights newsletter.

Sign Up