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Regents looking at changes to student insurance

Published On: Nov 27 2013 12:11:09 PM MST
board of regents
HELENA, Mont. -

The state Board of Regents is looking at making some changes to the insurance plan it offers university students because premiums aren't covering the full cost of claims.
    
The plan provided by Blue Cross and Blue Shield of Montana saw a loss ratio of 112 percent last year.
    
Students attending Montana's public universities must have health insurance, but under ACA students under age 26 were allowed to remain on their parents' plans.
    
Connie Welsh is director of benefits for the Montana University System. She says there appear to be three options: making the student insurance plan more solvent and attractive to buyers; eliminating the plan completely and directing students to the open exchange or creating a self-funded plan that would save money by not having to pay a premium tax.