CareFirst BlueCross BlueShield to provide premium credits and other financial benefits to customers and members

CareFirst BlueCross BlueShield (CareFirst) announced June 12 that it will provide premium credits to many fully insured customers as a result of treatment disruptions related to the COVID-19 pandemic, extend the waiver of cost sharing for telehealth services and COVID-19 testing and treatment, and return rebates from 2019 as a result of lower than expected use of medical care by its members. These latest benefits, combined with other relief CareFirst has offered, result in over $300 million made available to CareFirst’s members, providers, and communities during the COVID-19 pandemic.

CareFirst will provide the following relief:

  • Premium credits totaling $25 million for fully insured small and large group customers, to be reflected on their August premium invoice;
  • Premium credits totaling over $4 million for small and large group fully insured dental customers, to be reflected on each group’s August premium invoice;
  • Rebates totaling over $80 million for individual members and fully insured small and large group customers who had CareFirst coverage in 2019 due to lower utilization of medical care than anticipated; and,
  • Extension of waiver for cost share expenses related to telehealth services to July 24, 2020, and extension of waiver for cost share expenses related to COVID-19 testing and treatment through September 30, 2020, reflecting in total an anticipated $45 million commitment to our members.

For more information, visit the CareFirst BlueCross BlueShield website.

Source: CareFirst BlueCross BlueShield

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