COVID-19: Minnesota Health Insurer Giving Back to Customers
Minnetonka, MN (KROC AM News) - Will other health insurers follow suit?
Automobile insurance companies have been recognizing the impact the COVID-19 pandemic is having on their balance sheets and have extended rebates to their customers.
Now, the largest health insurer in the country is doing the same.
Minnesota-based UnitedHealth has announced it will apply credits ranging from 5 to 20-percent to June premiums for several million of its customers.
It has also announced it is waiving co-pays for specialist and primary care physician costs for its Medicare Advantage customers through the end of September.
Read more here.
Since the beginning of the COVID-19 pandemic hit the country, health care spending has fallen sharply as all but emergency medical procedures were put on hold.
UnitedHealth says it is also “Pioneering a non-invasive, self-administered COVID-19 test that streamlines testing, reduces PPE usage and increases safety of health care workers.”
Several automobile insurance companies have extended premium credits to their customers because the pandemic has left millions of vehicles parked while their owners work from home or are laid off.
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