Nearly 4.5 million seniors in Medicare Advantage plans won’t have to pay copays, coinsurance and deductibles for in-network primary and behavioral care for the rest of the year, Humana said May 5. The move follows the insurer’s decision in March to waive out-of-pocket costs for COVID-19 testing and treatment.
The expanded cost-share waivers are effective May 1. Humana said as states begin to transition away from shelter-in-place orders, it hopes the change will ease financial burdens for seniors who visit their primary care physician or use telehealth.
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Financial updates from Cigna, Anthem, Centene & Humana
Insurance startup Bright Health acquires Medicare Advantage plan
Molina Healthcare to acquire managed care company for $820M
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