; and (ii) graduate from the institution of higher education at which such was enrolled during such last regular season. (2) Medical expenses (A) Responsibility of institution of higher education To provide health care coverage for student athletes An institution of higher education shall provide or procure health care coverage for each student athlete enrolled at the institution of higher education during any academic year in which the student athlete participates in intercollegiate athletics. (B) Payment of out-of-pocket medical expenses for student athletes and former student athletes (i) Institutions reporting less than $20,000,000 An institution of higher education that reports less than $20,000,000 in total annual athletics revenue to the Department of Education during an academic year shall be, during the enrollment of a student athlete at the institution of higher education, financially responsible for all out-of-pocket medical expenses of the student athlete’s health care coverage for any injury or communicable disease incurred or acquired while the student athlete was participating in an intercollegiate athletic event or a varsity intercollegiate athletic competition. (ii) Institutions reporting $20,000,000 or more An institution of higher education that reports not less than $20,000,000 in total annual athletics revenue to the Department of Education during an academic year shall be, during the enrollment of a student athlete at the institution of higher education and the 2-year period beginning on the day after the last varsity intercollegiate sports competition of the student athlete, financially responsible for all out-of-pocket medical expenses of the student athlete’s health care coverage for any injury or communicable disease that was incurred or acquired while the student athlete was participating in an intercollegiate athletic event or a varsity intercollegiate athletic competition. (iii) Institutions reporting $50,000,000 or more An institution of higher education that reports not less than