Insurance Open Enrollment March 10-May 10, 2021
The Insurance open enrollment period will be March 10– May 10, 2021 for the policy which is active July 1, 2021 – June 30, 2022. All current M1s and P1s are included in the open enrollment as rising M2s and P2s.
Each year, you are given the choice of enrolling in the NEOMED medical insurance or opting out (waive) by proving that you have medical insurance that meets the NEOMED requirements. You have 8 weeks to decide what is the best choice for you – enroll or waive. The enrollment period is scheduled to allow you plenty of time to look at your options, ask questions, make informed decisions and act on those decisions, while still allowing for the time necessary to enroll those who wish to have coverage starting on July 1. This email is to give you the added time before the portal opens to start looking at your options and asking questions.
If you are on your parent’s insurance or get help paying the bills, now is the time to think about/discuss your options. There are times when the NEOMED insurance is cheaper and provides more coverage than the insurance you currently have. There are times when it isn’t the best choice. The next 2 months will be your chance this year to make that decision.
All COM and COP students who do not successfully waive (opt out) will automatically be enrolled in and billed for the NEOMED medical insurance plan for the full year. Once the open enrollment period has closed, you will not be able to change your choice. The only changes that will be made to the enrollment list after the portal closes on May 10 and the list has been finalized will be adding students due to a qualifying event such as turning 26.
During the enrollment period, you will receive emails from insurance broker, Haylor, Freyer and Coon (HFC) and from NEOMED Credentialing, reminding you that the enrollment period is open. If you want to apply for a waiver, you must do so before May 10, 2021 at 5pm. There will be no extensions or changes to this enrollment/waiver time period.
For more information on the medical insurance offered including: plan highlights and summaries, insurance FAQs, glossary of insurance terms and video tutorial, visit the Medical Insurance page on the NEOMED website, or the AIMS Credentialing page. The policy and coverage for 2021 will be the same as the 2020 policy.
March 10-May 10, 2021 is the enrollment waiver period for continuing COM and COP Students (rising 2nd year – rising 4th year) and their dependents. The coverage is effective July 1, 2021 – June 30, 2022.
Students who lose their current coverage due to a qualifying event such as turning 26 can be enrolled mid-year. Students who are enrolled, cannot unenroll after the waiver period has ended.
Waivers to Medical Health Insurance
Waivers can only be approved by our insurance broker via their online portal. Students who have medical insurance through their own carrier and do not wish to participate in the NEOMED coverage will need to provide proof of coverage to the servicing broker and receive confirmation of a waiver to opt out of the NEOMED insurance plan. In addition, the option to waive the coverage is available only if your current coverage meets the following conditions:
- Must be active within 100 miles of NEOMED campus and must include wellness, Rx(prescriptions), and urgent care.
- Emergency/accident-only plans do not satisfy this requirement.
- Must be U.S. based insurance plan and must be compliant with the Patient Protection and Affordable Care Act.
- Medicaid-Based plans must be based in Ohio. Non-Ohio Medicaid plans are not acceptable.
- Must be in effect for the entire academic year. Short-term, or trip insurance will not be accepted.
To apply for a waiver between March 10 – May 10, please visit: Haylor, Freyer and Coon. Use your Banner ID (@000…) to sign into the portal. If you don’t use the entire ID # including the @, the website will say that you are not on the list.
By waiving insurance through NEOMED, you are responsible for all healthcare expenses. If you misrepresent your insurance information, you may be liable for any potential tax fines or medical expenses not covered by your represented carrier.
- No exceptions to the coverage conditions listed above will be made and NEOMED will not overturn a decision of our broker.
- If you do nothing, you will automatically be enrolled in the NEOMED medical insurance and the insurance charges will be added to your account.
- There will be no extensions for this enrollment/waiver time period.
Optional Dental, Vision Insurance: Students can choose to sign up for optional dental, vision insurance on the Haylor, Freyer and Coon website.
-Submitted by Monica Lenox