Ancillary Coverages Archives – Academic HealthPlans
 
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Navigating Student Health Plans: Insights from Our Third National Student Benchmark Survey

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

by Elizabeth Marks, Senior Strategy Consultant

Good healthcare is connected to student success. Understanding student health plans helps insurers develop cost-saving strategies and support mental health needs. Analyzing trends and learning from student programs improves healthcare outcomes and enrollment rates, ensuring access for all students. In addition, creative solutions developed within student programs can serve as helpful inspiration for employee benefits teams.

With that, we’re pleased to present the findings of Risk Strategies’ Third National Student Benchmarking Survey, conducted between May and August 2023. The report features key findings around priorities and trends surrounding student health plans.

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Should Students Get Renters Insurance for Their College Dorm?

Ancillary Coverages, Risk Management, Student Affairs

This is a great question and one more and more students and parents are asking.

Moving out of the house and onto your college campus is an exciting transition that comes with plenty of new considerations:

  • Where and how to get food
  • How to select classes
  • What extracurriculars to join
  • How to balance priorities
  • And plenty of other social activities of course!

Two other considerations are “what happens if my stuff gets stolen or damaged in the dorm?”, and “what if someone else gets hurt in my dorm room?”.

With all of the responsibilities and opportunities that come with the college transition, constantly worrying about these factors is an unwelcome addition!

For some, the answer to “should I get renters insurance for my dorm?” may be a quick and simple yes if your college mandates this for students living on campus.

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Protecting Against Rising Athletic Insurance Premiums

Ancillary Coverages, International Students, Risk Management

A Foundational Approach

by Jeff Struckle, Specialty Insurance Solutions, Inc.

It is intriguing to watch the security measures put in place for large sporting events. Metal detectors,  bag checks, security personnel, and police officers are on-site to protect athletes, staff, and fans. While nothing can be 100% safe, the more measures put in place, the more things are protected.

Though not on the same scale, protecting an Athletic Accident Insurance plan is similar. The more layers of protection applied to insulate claims, the greater the likelihood expenses will be reduced. The in-house care provided by athletic trainers and the utilization of a student athlete’s primary health insurance plan are important risk management components. They serve as the foundation for protecting and reducing medical expenses on Athletic Accident Insurance plans. However, even with these in place, there is still significant exposure.

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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.

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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.

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The Importance of Tuition Insurance | Student Wellness Solutions

Ancillary Coverages

If the COVID-19 pandemic has taught us anything, it is the importance of being prepared for the unexpected. With campuses closing to prevent the spread of the virus and family emergencies calling for students to travel home, it is more important than ever to protect the investments you make in your education.

But even in a pre-pandemic world, having Tuition Insurance was beneficial and the need to be covered continues to rise in our current world.

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