Pence: Insurance companies will waive copays on coronavirus testing
President Trump and Vice President Mike Pence discuss the spread of coronavirus with leaders of the nation’s insurance companies.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here
Continue Reading Below
Health insurance group Unitedhealthcare’s Oxford on Tuesday released updated guidelines for employers amid the growing coronavirus crisis in the U.S.
The updated guidance says that fully insured employers will be able to continue to offer benefits to furloughed employees.
POTENTIAL CORONAVIRUS TREATMENT REMDESIVIR GRANTED ORPHAN STATUS
Employers can buy down their benefits plan one time during the course of the next 90 days – which won’t change the original plan renewal date. Employers will be unable to add an additional plan option, only buy down an existing plan.
CORONAVIRUS PROMPTS 'PLAGUE INC' VIDEO GAME MAKER TO DONATE 250K TO RELIEF EFFORTS
Additionally, they are relaxing “actively at work” requirements through the end of May. They will not allow credit card payments but will waive the waiting period for rehires.
There will be a special COVID-19 Enrollment Opportunity that will extend from March 23 to April 6, with coverage effective as of April 1.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
UnitedHealthcare is one of the country’s largest insurers. Oxford, a subsidiary of UnitedHealth, insures half of New York’s small-group market – where coronavirus has hit residents particularly hard.
On Tuesday New York Gov. Andrew Cuomo said the rate of cases in the state was doubling every three days. Overall, there were more than 50,000 cases in the U.S. as of Tuesday afternoon – and more than 600 fatalities.
CLICK HERE TO READ MORE ON FOX BUSINESS
Source: Read Full Article