Increase mandated in student health insurance rates
By Staff : December 9th, 2013
Students who receive their mandatory health insurance coverage though The University of Toledo will see a fee increase reflected in their student account due to a decision by Medical Mutual Insurance Co., which underwrites the UT’s two Student Health Insurance Plans.
According to Dr. Kaye Patten Wallace, senior vice president for the student experience, the company mandated the increase based on tax changes that came about as a result of the 2010 federal Affordable Care Act.
“The increase was not in the University’s contract with Medical Mutual, but the company made the decision,” she said. “While the increase that will appear on the accounts of those students who are affected will be relatively small, under a hundred dollars, obviously no amount is insignificant.”
The current single-student insurance rates for spring/summer 2014 are $1,372 for plan one and $1,596 for plan two. The new rates would be $1,438.79 for plan one (an increase of $66.79) and $1,673.69 for plan two (an increase of $77.69).
The University of Toledo has a health insurance policy that requires domestic students registered for six or more on campus hours and international students registered for one hour or more to maintain health insurance. Students who are covered by another insurance plan may opt to waive UT’s plan. Co-op students and graduate students registered for fewer credit hours may purchase the insurance. In addition, enrolled students may purchase insurance for their dependents.