Penn Student Insurance Plan (PSIP)

Offered Through Aetna Student Health and meets Penn's Insurance Requirement

  • For students in graduate and professional programs, the cost of the health insurance plan is already incorporated into the cost-of-attendance budget used for purposes of financial aid and student loan eligibility.
  • For undergraduates, the Federal Direct Loan Program and Parent Loan Program (PLUS) are available to help meet this expense, as long as the student has completed a FAFSA.  In some cases, depending on the individual student's level of financial need, grant assistance may be available to aided students.  If you have any questions, contact Student Financial Services

Note: Please make sure your preferred address is updated in Penn-In-Touch. This is where your insurance card will be sent. You can print a temporary ID card click here. To order a new Permanent ID card call Aetna Customer Service at 800.841.5374.



PSIP Plan Coverage Period

The PSIP plan for 2014-2015 begins August 1, 2014 and ends on July 31, 2015. The Clinical Fee and the SHS eligibility periods match this schedule as well.


PSIP Rates

Single student coverage:

Effective Dates

Annual

8/1/14-7/31/15

Spring

1/1/15-7/31/15

Summer

5/1/15-7/31/15

Premium Rate

$3,140

$1,826

$795

**Note: If you are in a program that is paying for your insurance, please check with your school to make certain they will cover the entire amount.


Dependent Rates

Effective Dates
Annual
Spring
Summer
Premium Rate:*



Spouse/Domestic Partner**
$4808
$2794
$1215
One Child**
$4808
$2794
$1215
2 or more children**
$5667
$3293
$1431

*Dependent premiums are paid directly to Aetna Student Health. They are not posted to student bursar accounts.
**Rates do not include single student base premium.


Enrollment of Dependents

Penn students utilizing the Penn Student Insurance Plan (PSIP) may enroll their lawful spouse/domestic partner and unmarried dependent children under age 26 who reside with, and are fully supported by, the covered student for the same coverage. Dependents should be enrolled through Aetna Student Health directly, and not the Penn Portal.

Dependent enrollment is processed online at www.aetnastudenthealth.com, click on "Find Your School." All spouses and domestic partners must have a Penn Guest Card at the time of application and enrollment. Students will need to submit a Dependent Enrollment Application with a MasterCard, Visa, Discover or American Express payment. 

  • The enrollment deadline for the fall semester is August 31, 2014
  • The enrollment deadline date for the spring semester is January 31, 2015.
  • The enrollment deadline date for the summer semester is May 31, 2015.

The Dependent Enrollment Application and premium will not be accepted after the deadline unless there is a qualifying life event.*

*Coverage for late enrollees may be possible only under certain conditions. After the enrollment deadline, only those dependents who have a "Qualifying Life Event" such as

  1. involuntary loss of health insurance
  2. marriage
  3. entry into the US

A certificate of credible coverage stating the date of the involuntary loss of health coverage, marriage certificate or stamped passport along with a signed application must be submitted to Aetna Student Health within 31 days of the qualifying life event.  After the 31 days, the dependent would no longer eligible for enrollment in the current policy year. 

Contact Aetna at (800) 841-5374 with any questions regarding dependent enrollment. Dependent premiums may be paid in full or in monthly installments.


Newborn Infant and Adopted Child Coverage 

A child born to a Covered Person shall be covered for Accident, Sickness, and congenital defects, for 31 days from the date of birth. At the end of this 31 day period, coverage will cease under the University of Pennsylvania Student Health Insurance Plan. To extend coverage for a newborn past the 31 days, the covered student must:

  1. Enroll the child within 31 days of birth, AND
  2. Pay the additional premium, starting from the date of birth

 Coverage is provided for a child legally placed for adoption with a covered student for 31 days from the moment of placement provided the child lives in the household of the covered student, and is dependent upon the covered student for support. To extend coverage for an adopted child past the 31 days, the covered student must:

  1. Enroll the child within 31 days of placement of such child, AND
  2. Pay any additional premium, if necessary, starting from the date of placement.

 For information or general questions on dependent enrollment, contact Aetna Student Health at, (800) 841-5374.


Student Dental Plan

For academic year 2014-2015, students may voluntary enroll themselves and their dependents in the Penn Faculty Practice Student Dental Plan. Please go to www.mypenndentist.org for details. Open Enrollment begins on July 1, 2014.   


Student Health Insurance Advisory Committee  

The Provost of the University of Pennsylvania sponsors a Student Health Insurance Advisory Committee (SHIAC) with cross-University representation and health insurance expertise. Building on the initial work of SHIAC, the Committee is to continue to advise the Provost and the President on matters pertaining to the provision of health insurance for the students of the University. SHIAC will serve as a forum for discussing issues relevant to the provision of the best possible health insurance plan(s) to meet the needs of the students and the University. SHIAC will review the University's Student Health Insurance Plan and advise on the complex issues and concerns related to the administration of the Plan. SHIAC will set in place an ongoing review mechanism for the performance of the existing Plan. SHIAC will monitor the existing insurance Plan and make recommendations for renewal or change of Plan design. SHIAC will develop a mechanism for soliciting bids from vendors as appropriate. SHIAC will discuss ongoing issues pertaining to health insurance, monitoring the changing marketplace of health insurance provision and managed care, and making recommendations as opportunities are identified.


Other Information