Changes to student medical insurance billing process and plan requirements

From: Student Medical Insurance

Beginning with the fall 2024 semester, students enrolled with the Virginia Tech Student Medical Insurance Plan will be billed through the Bursar’s Office. 

This change means that students can enroll in the plan with no money due at the time of enrollment. Instead, insurance charges will be posted to the overall student bill, creating a more unified billing experience for students.  

For the first time, students will be able to pay for the insurance charge through the university’s payment plans, if they meet eligibility requirements. All payments will align with existing Bursar’s Office procedures.  

Additional changes include: 

• Students enrolling in the annual plan will have one charge in the fall and one in the spring, each for approximately 50 percent of the annual premium. 
• For graduate students on assistantships, the student share of premium costs will now be charged to the student account, rather than being withheld from their paychecks.  
• The streamlining of the health insurance waiver process and updating of minimum health insurance requirements.
• An adjustment of the open enrollment period to now run from July 1 – Aug. 31. 

Additional information will be shared with domestic, international, and graduate student populations prior to the beginning of open enrollment.  

This list of FAQs details the impacts for students. For additional questions, please contact smi@vt.edu.