10 health insurers sending premium credits to members

Here are 10 payers that are returning premium revenue to members due to lower healthcare costs during the COVID-19 pandemic. 

Editor's note: Policies vary by insurer. This list will be updated if more announcements are made. Email mhaefner@beckershealthcare.com if your company has implemented similar measures. This article was last updated Aug. 20.

1. Blue Cross and Blue Shield of Minnesota and Blue Plus will provide more than $38 million in premium relief for thousands of Medicare members, individual and family plan members, and fully insured businesses throughout the state. 

2. Blue Cross Blue Shield of Massachusetts is returning $101 million in premium refunds and rebates to members due to lower healthcare costs during the COVID-19 pandemic. 

3. Blue Cross & Blue Shield of Rhode Island will provide a 25 percent dental premium credit for fully insured customers and is extending teledentistry services with in-network dentists through July 31, 2020. The insurer announced an additional $11 million in medical and dental premium relief Aug. 20.

4. Regence is sending back $35 million to some of its policyholders, according to The Lund Report

5. Harvard Pilgrim Health Care, a nonprofit health plan in New England that covers 3 million members, is providing $32 million in premium credits to its customers.

6. Priority Health, a health plan in Michigan, provided premium credits to its members in June and July.

7. Anthem provided $2.5 billion in financial assistance to providers and health plan members, including one-month premium rebates to members. 

8. Premera Blue Cross said more than 200,000 of its commercial and individual members will receive up to $65 million in premium relief funds and premium rebates.

9. UnitedHealth Group is providing members more than $1.5 billion in discounts, including premium rebates.

10. Blue Cross Blue Shield of Michigan will return more than $21 million in premiums to members.

More articles on payers:
Lawmakers to probe health insurer profits
Humana director resigns
5 payers that made $1B+ in Q2

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Content

Featured Webinars

Featured Whitepapers