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No price increase on student health insurance premium
STANFORD -- Stanford University's Cowell Student Health Service announced Tuesday, March 7, that its student health insurance plan with the Student Insurance Division of United Insurance Companies would have no price increase next year.
The current quarterly rate of $182 will remain the same for the 1995-96 academic year. Rates under a separate plan for dependents, including children, spouses and domestic partners, also will have no premium increases for next year.
Last year, there was a 3 percent increase in the cost of the plan, said Jane Meier of Cowell Student Health Service.
Dr. Ira M. Friedman, director of Cowell, said he was "especially pleased that the negotiations [with the insurance carrier] led to no increase in rates.”
"We worked hard to get this far," Friedman said. "This is part of a multi-year process of trying to reduce costs."
Stanford requires all registered students to carry health insurance. Currently, 26 percent of the undergraduates and 75 percent of the graduate students are insured through the university-operated Student Insurance Division of United Insurance Companies.
Not only students will enjoy the stable rates; in many cases, academic departments pay the insurance premiums for their graduate students as part of research funding agreements.
The preferred provider plan covers major medical services, emergency services, invasive diagnostic testing, surgery and hospitalization. Students also receive a variety of medical services, including preventive programs, consultation and minor medical treatment, through the Cowell Student Health Service, in most cases at no charge.
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