Risk Management Archives – Academic HealthPlans
 

Top Reasons for Issuing an RFP for Athletic Insurance Broker Services

Costs and Coverage, Risk Management, Student Health, Value-Added Benefits

by Jeff Struckle, Academic HealthPlans

Why should you issue an RFP for athletic insurance broker services instead of an RFP for athletic insurance?

The most important decision a college or university can make for its athletic accident insurance program is the selection of an insurance consultant/broker to advocate for their institution. The insurance consultant/broker provides expertise and valuable services to support the Institution’s overall athletic accident insurance program that may not be considered through a product-only RFP.

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Investing HEERF Grants into Mental Health Care

Costs and Coverage, Risk Management, Student Health

Colleges and universities across the country faced seismic enrollment declines during the COVID-19 pandemic. Total undergraduate enrollment declined 6.6% from Fall 2019 to Fall 2021, representing a loss of just over a million students. To help keep these colleges afloat, reverse enrollment losses, and ensure learning continued during the COVID-19 pandemic, $76.2 billion in federal stimulus funding was awarded through the Higher Education Emergency Relief Fund.

Initially, funds were expected to cover the costs of student/campus housing, childcare, transportation, and on-campus food services. However, some institutions have found creative ways to spend their HEERF grants such as:

  • Technology Advancements
  • Fuel Assistance
  • Upgraded Facilities
  • Covid Mitigation Supplies
  • Financial Coaching
  • On-Campus Social Workers
  • Relieving Student Debt

Now, as demand for mental health resources among faculty, students, and staff soar, new guidance from the Education Department is urging colleges to address these needs by utilizing HEERF grants.

Addressing the mental health needs of students has long been a challenge for higher education institutions during the pandemic. According to a 2021 survey, an overwhelming 75% of college presidents indicated that mental health was a top concern on campuses. Education Secretary Miguel Cardona at the University of California, Riverside (a model for mental health care) said “The pandemic has exposed students to trauma, from the loss of loved ones to financial hardships to social isolation and social disruptions,” and stated that students need a variety of mental health resources on campus including, but not limited to:

  • Telehealth
  • Therapy / Counseling
  • Financial Wellness
  • Substance Use Support
  • Suicide Prevention Training

The new guidance, and a webinar from the Education Department (in collaboration with the American Council on Education), outlines ways colleges and universities can invest in mental health resources and expand their mental health support systems with HEERF funds.

Risk Strategies Higher Education Practice offers a complimentary analysis of your institution’s mental health resources and budget to provide recommendations on solutions that will work best for your student body.

Contact your Account Executive or email [email protected] for more information.

 

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.

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Mental Health Concerns of Student-Athletes

Risk Management, Student Health

Over the years, research has shown just how beneficial and therapeutic exercise can be for mental health. From warding off depression to treating anxiety and other psychological disorders, moving our bodies increases endorphins and enkephalins and can have tremendous effects on the human mind. However, that doesn’t mean that athletes who participate in a wide range of sports are immune to mental health struggles.

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Reflections of Resiliency from the 2021 URMIA Annual Conference

Risk Management

by Elizabeth Marks, Senior Strategy Consultant


Last month, I had the opportunity to attend the 2021 University Risk Management and Insurance Association (URMIA) Conference in Seattle aptly named “Emerging from the Storm.” The major theme that ran throughout the conference and sessions I attended was dealing with the impact of COVID-19 on colleges and universities. While many issues emerged from the storm for higher education, the need to be flexible, creative, hopeful, and resilient is at the top of the list.

Resiliency is defined as one’s ability to adapt and respond to meet challenges effectively.

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Beyond COVID | Three Emerging Topics in Higher Education

Risk Management

by Terry Lyons, Managing Director, Student Health

Each year, higher education risk management professionals come together at the University Risk Management and Insurance Association’s (URMIA) annual conference. An event I look forward to with anticipation every year, the theme of this year’s conference is particularly apt,  “Emerging from the Storm.” 

This year, I am eager to hear the stories of how school leaders developed unique solutions to the challenges colleges and universities faced during the COVID-19 pandemic. In the face of multiple, complex challenges, they found ways to weather the storm that is COVID-19 and continue servicing their students.

Certainly, COVID-19 remains a central topic in education, but I also expect a focus on a number of other issues facing higher education today. 

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