No one should hesitate to seek a diagnosis for or treatment of COVID-19 because of concerns about costs. As employers and hard-working families continue to experience a severe economic slowdown, health insurance providers are helping as many people as possible stay covered by offering grace periods and premium discounts.
Several health insurance providers first announced grace periods or premium reductions for their large group plans. Thanks to August 4 guidance from the Centers for Medicare & Medicaid Services (CMS), plans now have the opportunity to expand premium discounts for individual and small group plans.