Coverage Termination for Graduating Students
You will be covered under SHIP until the end of the policy period for which you are enrolled and your premium has been paid.
|Graduation Date||Coverage Termination Date|
|May Graduates||August 11, 2020|
|December Grad / Prof Graduates (if termination form approved)||December 31, 2019|
- If you graduate in the spring, you will be covered until the end of the policy period. For academic year 2019-2020, the end of the policy period is August 11, 2020. You will no longer be covered under SHIP after this date, and there is no option to continue coverage through COBRA after the policy terminates.
- If you are a graduate or professional student, including International graduate and professional students, graduating in the fall, submitted a Request to Terminate form by December 31st, and were approved to waive SHIP for the spring semester, the end of your policy period is December 31, 2019. You will no longer be covered under SHIP after this date, and there is no option to continue coverage through COBRA after the policy terminates.
- For insured domestic students who also have coverage for eligible dependents, a refund of excess premium for your covered dependents will be issued. The refund amount will be determined after the spring termination is approved.
Visiting Exchange Students
- Undergraduate, graduate, and professional visiting international exchange students may submit a Request to Terminate Form for the Spring or Summer. In addition to submitting this form, students will be required to show proof of departure from the U.S. (i.e. boarding pass and/or passport exit stamp). Request to Terminate forms and supporting documentation should be submitted to the Chair of the Student Health Insurance Appeals Committee, Elizabeth Boyd. The following deadlines apply:
- Exchange students must submit the Request to Terminate form by December 31, 2019 in order to terminate their spring 2020 Student Health Insurance premium. Once students have proof of departing the U.S. they must send this to the SHIP Appeals Committee Chair, Elizabeth Boyd. If granted, coverage will be terminated based on when the student departed the U.S. and students will be refunded a prorated amount. Accepted documentation includes an image of your boarding pass and/or a copy of your I-94 travel history showing your departure date.
- Exchange students must submit the Request to Terminate form by May 31, 2020 in order to terminate their summer 2020 Student Health Insurance premium. Once students have proof of departing the U.S. they must send this to the SHIP Appeals Committee Chair, Elizabeth Boyd. If granted, coverage will be terminated based on when the student departed the U.S. and students will be refunded a prorated amount. Accepted documentation includes an image of your boarding pass and/or a copy of your I-94 travel history showing your departure date.
Disenrollment & Other Insurance Coverage
- When a domestic student obtains comparable insurance coverage from a U.S. based insurance company, a student can complete the Spring/summer Disenrollment Request Form.
- In order for the request to be considered, the other insurance plan must be fully compliant with the Affordable Care Act (ACA) and comparable to the Vanderbilt University Student Health Insurance Plan.
- Requests will be audited to confirm coverage is comparable. The request form must be completed by January 15, 2020.
- Students who incur claims on or after January 1, 2020 will not be permitted to disenroll from spring/summer coverage. International students may not disenroll.
Post-graduation Insurance Options
Under the Affordable Care Act (ACA) insurance plans must offer coverage for dependent children up to age 26. If under the age of 26, you may be eligible to stay on your parent’s insurance plan. Be aware that your parents may receive an explanation of benefits (EOB) from their insurance carrier with details about your health care services.
Enroll in New Coverage
You may enroll for new coverage through a variety of options:
Purchase a State Marketplace Plan
You have the option to purchase a state Marketplace Plan (also known as the “exchange”):
- Visit www.healthcare.gov to find Marketplace plans for your state.
- Marketplace plans must provide comprehensive coverage, including hospitalization, prescriptions, and doctor visits and subsidies, and cost-sharing reductions may be available to help make coverage and care more affordable.
- Your state Marketplace can help you compare health insurance plans based on your zip code, age, and income level.
- Typically open enrollment is Nov 1 – Dec 15; however, new graduates may have a qualifying life event that allows them to enroll in special enrollment periods. These events may include:
- Moving to or from the place you attended school
- Losing your student health insurance plan or dropping off your parents’ plan
- Other life events, like getting married or having a baby
State Medicaid Plan
If your income is low or you have certain life situations, you may qualify for free or low-cost insurance coverage through your state’s Medicaid program. If you have children, they might qualify for coverage under the Children’s Health Insurance Plan (CHIP) – even if you do not qualify for Medicaid. To find a state’s Medicaid plan, visit https://www.medicaid.gov/.
Private Insurance Market
The HealthCare.gov Plan Finder is available to help you find private health plans available outside of the Health Insurance Marketplace. Employers often offer two common medical plans, including a Health Maintenance Organization (HMO) plan or a Preferred Provider Organization (PPO) plan.
You may have the option to enroll in a new insurance plan through your employer.
- Health Maintenance Organization (HMO) Plan
An HMO is a type of managed care health plan consisting of a network of doctors and hospitals dedicated to providing high-quality, affordable health care. When enrolled in an HMO, a primary care physician (PCP) coordinates all of your care and refers you to network specialists when needed. HMO plans usually limit coverage to care from doctors who work for or contract with the HMO. It generally won’t cover out-of-network care except in an emergency. An HMO may require you to live or work in its service area to be eligible for coverage. HMOs often provide integrated care and focus on prevention and wellness.
- Preferred Provider Organization (PPO) Plan
A PPO plan is a type of managed care health plan that allows you to see any doctor of your choice, offering both in-network and out-of-network coverage. Under a PPO plan, your out-of-pocket costs will be lower when using in-network providers.
- Typically, losing insurance will qualify you for a special enrollment period to buy new insurance. It may take several weeks to complete the enrollment process, so begin your search early and do not miss your enrollment window.
- Note that state laws regulate health insurance plans, and not all state policies are the same.
- Maintain an updated mailing address to ensure you receive important information in order to enroll in new insurance coverage.
- It may be helpful to fill your prescriptions before you leave.
- It may be helpful to request copies of your medical records before you leave.
Leave of Absence & Withdrawal
- If you take a leave of absence within the first 30 days of class, you will be automatically terminated from the SHIP plan (and no longer have SHIP coverage).
- If you take a leave of absence after being enrolled for 31 days, you will remain enrolled in the Student Health Insurance Plan until the end of the plan year. If you have been enrolled in SHIP for longer than one year, you may be able to extend your enrollment under SHIP while on an MLOA for a maximum of one year. Complete and submit this enrollment application (link coming soon) with a copy of your MLOA letter from your Dean to Gallagher Student Health & Special Risk no later than August 1, 2020 to ensure timely enrollment.
- Upon returning from a leave of absence, if you are enrolled in four or more credits, you will be automatically enrolled in the Student Health Insurance Plan.
- Students on a leave of absence are not eligible to be treated at the Student Health Center or at the University Counseling Center.