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.