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The University of California, Berkeley, has announced significant premium changes for the Student Health Insurance Plan (SHIP) for the 2014-2015 academic year. Undergraduate premiums will rise to $1,095.00 per semester ($2,190.00 annually), reflecting an 8.7% increase. Graduate premiums will increase to $1,577.00 per semester ($3,154.00 annually), a 13.8% increase. The adjustments are based on recent claims data, ACA taxes, and broker fees. It's important to note that these premiums are expected to rise further by approximately 22% in the upcoming years.
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Berkeley SHIP Updates for 2014-2015 • 2014-2015 Premium Changes: • Undergraduates: $1,095.00/semester; $2,190.00/annual • Equals an 8.7% increase over this current year • Graduates: $1,577.00/semester; $3,154.00/annual • Equals a 13.8% increase over this current year • Grad students are still being slightly subsidized by UGs • Changes based on claims for Fall 2013 compared to premiums collected, ACA taxes, and broker fees for insurance, etc. • Note: UC SHIP premiums expected to increase about 22% for grads and undergrads, based on current info.