Health inurance button on a keyboard According to AHIP 88% of individual and fully insured group plans waived COVID-19 treatment costs during some point in the pandemic. (Photo: Shutterstock)

Many of cost-sharing waivers issued by health insurers have already expired or will lapse this month. But with the COVID pandemic still in full swing, what will that mean for Americans in need of health care?

As a result of many delaying non-essential medical treatments, health insurers are now seeing a rise in profits. But due the Affordable Care Act’s (ACA) Medical Loss Ratio (MLR) rule, which dictates how much premium income must be spent on medical care, these companies are looking to return some of that capital back to consumers in the form of cost-sharing waivers.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.