A look at the benefits behind the NIU student health insurance cost increase
March 5, 2015
NIU’s student health insurance cost will increase from $744 per semester to $1,052 in Fiscal Year 2016 — pending Board of Trustees approval — because of the addition of benefits in accordance with the Affordable Care Act.
Here’s a look at those benefits:
• Lab services
• Outpatient care
• Hospitalizations
• Maternity services
• Emergency services
• Pediatric services
• Rehabilitation services
• Prescription drugs (full coverage)
• Preventive wellness and chronic disease treatment
• Mental health and substance use disorder services
NIU will soon try to negotiate a lower cost with provider Academic HealthPlans, said Eric Weldy, vice president of Student Affairs and Enrollment Management. The university was able to negotiate a $15 decrease from Fiscal year 2015’s $759 semester premium.
The Board of Trustees will vote on whether to approve the cost increase at its March 12 meeting.