Termination of Coverage       
Students are responsible for notifying Student Accounts and Business Services when they wish to terminate their coverage, regardless of the source of funding. If a student is no longer enrolled in the School or has graduated, the student will be notified in writing that their coverage will be terminated. Student Accounts and Business Services must be notified within 60 days to have your coverage retroactively extended under COBRA for up to 18 months.

COBRA
Extension of current insurance benefits to students who are separating permanently from the University is offered under the Consolidated Omnibus Budget Reconciliation Act (COBRA). If you elect to continue under COBRA, premiums will increase slightly and payment will be due the first of each month. Monthly rates for COBRA are as follows:

Academic Year 2008-2009  (effective July 1, 2008)

Individual:   $225.00  
Two-Party: $498.00  
Family:       $621.00  

You are responsible for 18 months of premiums unless you notify us in writing that you wish to terminate your coverage prior to the end of your 18 month period.