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