2020 Higher Education Benchmark Study & Review: Student Health Insurance
Each year, RCM&D collects and reports annual benchmark data on student health insurance. This year’s report is the eleventh benchmark review of its kind and aims to provide insights into the current industry landscape for student health insurance plans.
The 2020 – 2021 plan year has been more challenging for colleges and universities than anything we have seen in this marketplace. COVID-19 created many challenges and opportunities, as well as slowed claim trends, that may give people incomplete data. Some issues you should be aware of for the 2021 – 2022 plan year are:
- Declining enrollment in student health plans caused by a decreased amount of international students coming to the US and some domestic students studying remotely.
- Large increase in Qualifying Life Event enrollments.
- Increase in telehealth access for all students.
The 2020 review consists of student health insurance plans offered at more than 230 colleges and universities in Delaware, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, and West Virginia. The results this year are not much different than in 2019. The onset of COVID-19 in spring 2020 resulted in many colleges and universities concentrating on developing resources to test and treat for COVID-19 and expand telehealth services.