Most Health Insurers Are Waiving Costs for COVID-19 but Few Expect to Raise Premiums in 2021 Due to the Crisis, eHealth Survey Finds
Additional highlights from eHealth's survey:
- Few insurers anticipate raising 2021 premiums due to coronavirus: 83% of survey respondents say they do not anticipate raising rates for 2021 in response to the crisis, while 17% say they anticipate raising rates no more than 5% due to coronavirus. Eighty-seven percent of respondents offering Affordable Care Act (ACA) plans say it is unlikely they will leave the ACA market due to coronavirus.
- Increased utilization of telemedicine services: 96% of respondents say they are seeing increased demand for telemedicine services (virtual doctor visits). Eighty-five percent think the coronavirus crisis will drive increased demand for telemedicine services into the future.
- Most expect a spike in medical claims for elective or non-emergency services put off due to the crisis. 80% of respondents say they expect a spike in such claims when the coronavirus crisis is over. Seventy-three percent of those who anticipate a spike believe it will come within the next 6 to 12 months.
"Our survey results show that most health insurance companies are taking big steps to allay member concerns in the midst of this unprecedented crisis," said eHealth CEO
Read the full report.
eHealth's findings are based on a voluntary, anonymous survey of leading health insurance companies with whom eHealth has a business relationship. It was conducted
Consumers are advised to contact their own health insurance company to confirm if they will face out-of-pocket costs associated with COVID-19 testing or treatment, or to see if a premium deferral program may be available to them.
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