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 Student BASIC 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 Health Insurance 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 Student BASIC 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 Health Insurance Plan?
Students enrolled in the Boston University 2015 – 2016 academic year health insurance program are insured from August 23, 2015 – August 22, 2016.
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 Student BASIC Insurance Plan in the fall semester and charged $1945.00. (Students who opt to purchase the Boston University Student Plus Plan will be charged $2713.00).
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 $1941.00 Student BASIC plan charge) or $973.00 in the fall semester and the remaining amount or $972.00 in the spring semester.
* Students who opt to purchase the Student Plus Plan will be responsible for payment of the $768 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, 2015 – August 22, 2016.
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 Health Insurance?
You must file a Medical Insurance Waiver for the 2015- 2016 academic year with Student Accounting Services, 881 Commonwealth Avenue, Boston MA, 02215, by September 30, 2015. By filing the waiver, you certify that you are covered by a comparable medical insurance plan. NOTE: Students who have filed claims against the 2015-2016 plan year are not eligible to file a medical insurance waiver for the 2015-2016 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, 2015. NOTE: Students who have filed claims against the 2015-2016 plan year are not eligible to file a medical insurance waiver for the 2015-2016 academic year.
Can I add dependents to my insurance plan?
New: As of the Fall 2015 semester, students must be enrolled in the Student PLUS plan to enroll eligible dependents. Student enrolled at the Student Basic level must change to Student Plus by the Fall 2015 open enrollment deadline if they wish to add their dependents to the plan.
Students enrolled at the Student Plus level who wish to add their eligible dependents to the Student Plus Plan for the 2015-2016 plan year, visit Aetna Student Health’s website. Select Enroll: Dependents. The Dependent Enrollment begins July 2, 2015. Open enrollment deadline: September 30, 2015. (The open enrollment deadline for new Spring 2016 students will be January 31, 2016.)
Students who opt to purchase the Student PLUS plan and enroll their dependents will be responsible for payment of the premium difference between the Student Basic and Plus plans and for the full cost of the dependent premium.
NOTE: Students who elect to remain enrolled at the Student Basic level will not be eligible to add dependents during the 2015-2016 Plan Year.
What happens if I am enrolled in the Student Health Insurance Plan for the Fall semester and not registered for the Spring semester (e.g. graduate officially in January, Spring leave of absence, etc.)?
Students who won’t be registered for the Spring 2016 semester are eligible to request a 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, 2015.
If you elect not to file a Medical Insurance Premium Adjustment form, your coverage in the Student Health 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.
Who should I contact if I have any further questions?
Please contact the Graduate Financial Assistance coordinator in your school or college.