New Verification Schedule
Beginning this October, IBC will align its student verification process with the academic calendar by verifying student status every October and April. Ineligible dependents will then be terminated October 31 and April 30. We are requesting that after October 31, 2007 dependent verifications for TAI subscribers will be done only once a year. As a result, student status will be verified every October and ineligible dependents will be removed from policies December 31.
Doing Away with Documentation
IBC will also no longer require documentation from the school or university to verify student status. Instead IBC will be using the National Student Clearinghouse (NSC) to verify the student status of over-age dependents. (NSC is a leading provider of student verification on behalf of participating institutions.) IBC expects that on average, sixty percent of student records can be confirmed by NSC.
If a dependent is not automatically certified by NSC during the verification periods, the subscriber will be notified and will be able to call a toll-free phone number to complete the verification.
