Graduate Student Trainee Stipends
As part of the financial aid package for full-time students who are Graduate Student Trainee Stipend recipients on the Charles River Campus, the University will credit your student account for your individual participation in the Boston University Medical Insurance Complete Plan. Full-time students are eligible for this credit in each academic semester (Fall or Spring) in which Graduate Student Trainee Stipend recipient of at least $5,000. In each semester of eligibility, a credit payment for half the annual cost of the University Medical Insurance Complete Plan will be made directly to your student account shortly before the beginning of each semester.
How does the medical insurance fee get charged to my Boston University student account?
Boston University, Charles River Campus students, in the following categories, are automatically enrolled in the Boston University Medical Insurance Complete Plan and their student accounts are charged for the coverage:
Students certified as full-time; part-time students registered for 75 percent or more of a full-time course load (nine or more credit hours for most schools); and international students (students who are not US citizens and who do not have approved refugee or permanent resident status).
For additional information about the medical insurance plan go to our
Medical Insurance page.
What is the coverage period for students enrolled in the Boston University medical insurance?
Students enrolled in the Boston University 2013 – 2014 academic year medical insurance program are insured from August 23, 2013 – August 22, 2014.
How do I know if I am eligible for the medical insurance credit?
Graduate students receiving trainee stipends of at least $5,000 each semester (fall and spring) are eligible to receive the credit. You may contact the Graduate Financial Assistance coordinator in your school to ensure that you are eligible.
How much of a credit will I receive?
Students enrolled in (that signed up) for the Medical Insurance BASIC Plan in the fall semester and charged $2141.00. (Students who opt to purchase the Boston University Student Plus Plan will be charged $2910.00).
Each semester that you receive a trainee stipend of at least $5,000, your student account will be credited for the first half (of the $2141.00 Student BASIC plan charge) or $1071.00 in the fall semester and the remaining amount or $1070.00 in the spring semester.
* Students who opt to purchase the Student Plus Plan will be responsible for payment of the $769 premium difference by the fall semester payment deadline.
Note: Some trainee grants already include the medical insurance with your stipend. For these types of trainee grants you will receive the funds directly and be responsible for paying for your medical insurance out of these funds.
What happens if my trainee stipend is $5,000 in the fall and less than $5,000 in the spring (or visa versa)?
The health fee credit is applied to your student account only for semesters that you receive at least a $5,000 trainee stipend.
Do I receive any credit for the summer semesters?
No, the credit is based on the amount that you receive in the fall or spring semester. In most instances insured students policies are effective from August 23, 2013 – August 22, 2014.
When will the credit be applied to my Boston University student account?
Your student account will be credited in mid-August for the fall semester, and mid-December for the spring semester. The credit will be applied based on the expectation that your trainee stipend will be at least $5,000 per semester.
Who will process the credit and how does it get on to my student account?
The Graduate Financial Aid Coordinator in your school or college will apply a credit to your student account. This credit is applied via the Financial Assistance system and will show as an additional item in your Financial Aid award.
What happens if I receive the credit and then my trainee stipend is less than $5,000 per semester?
You will no longer be eligible for the health fee credit. Credits already applied to your student account, will be reversed and you will be responsible for payment of any resulting balance due.
Do I receive any credit for any semester that I am a part-time student?
What do I do if I do not want the Boston University Medical Insurance?
You must file a Medical Insurance Waiver for the 2013- 2014 academic year with Student Accounting Services, 881 Commonwealth Avenue, Boston MA, 02215, by September 30, 2013. By filing the waiver, you certify that you are covered by a comparable medical insurance plan. NOTE: Students who have filed claims against the 2013-2014 plan year are not eligible to file a medical insurance waiver for the 2013-2014 academic year.
Will I still receive the health fee credit if I file the medical insurance waiver?
Are there any tax consequences associated with the credit?
The credit for medical insurance may be taxable as income to you. So if you have alternatives for health coverage, then it will be to your advantage to waive the University Medical Insurance Plan by filing a medical insurance waiver form with Student Accounting Services, 881 Commonwealth Avenue, Boston MA, 02215, by September 30, 2013. NOTE: Students who have filed claims against the 2013-2014 plan year are not eligible to file a medical insurance waiver for the 2013-2014 academic year.
What happens if I am enrolled in the student medical insurance plan for the Fall semester and graduate officially in January?
January graduates are eligible to request pro-rated student medical insurance coverage for the Fall semester only. Students interested in this option must file a Medical Insurance Premium Adjustment form with Student Accounting Services by December 31, 2013 (for specific details see the Medical Insurance Premium Adjustment form).
If you elect not to file a Medical Insurance Premium Adjustment form, your coverage in the student medical insurance plan will continue through the end of the coverage year (typically August 22). You will not receive any medical insurance credit during the Spring semester.
What happens if I am enrolled in the student medical insurance plan during the Fall semester, then do not graduate officially in January, and do not register for the Spring semester (e.g., a Spring withdrawal or leave of absence)?
Your coverage in the student medical insurance plan will continue through the end of the coverage year (typically August 22). You will be ineligible for any pro-ration of the Fall medical insurance charge unless you will be entering active duty in the Military. Refer to the Premium Refund Policy in the medical insurance plan brochure (available at Aetna Student Health’s website). You will not receive any medical insurance credit during the Spring semester.
Who should I contact if I have any further questions?
Please contact the Graduate Financial Assistance coordinator in your school or college.