Harvard Pilgrim is providing $30 million in premium credits to all its fully-insured employer groups

With employers dealing with really serious fiscal strain associated with COVID-19, insurance provider Harvard Pilgrim Well being Treatment has announced that it is providing premium aid by giving $32 million in credits to all its fully-insured employer teams, as very well as to Medicare Complement customers. 
Completely-insured employer teams, irrespective of size or spot, will receive a fifteen% credit score on their September premium invoice ($thirty million complete).

Medicare supplement customers will receive a fifteen% credit score on their September invoice ($2 million complete).

In addition, the nonprofit New England-based overall health strategy is donating $three million every single to impartial major treatment medical professionals and community overall health facilities. Equally medical professionals and overall health facilities have been hit difficult by COVID-19 and are crucial entry factors for treatment, Harvard Pilgrim said. 

The money for the impartial major treatment techniques will assist them in reopening their techniques. 

The money for the community Well being Facilities, which focus on providing treatment to predominately Black and brown communities and vulnerable populations, will support assist fairness and equality in accessing healthcare, and deal with overall health disparities. 

The insurance provider will also waive all major treatment and specialty treatment copays for business visits for Medicare Advantage customers via the end of the calendar year.

WHY THIS Matters

In the course of the pandemic, Harvard Pilgrim has waived COVID-19 testing and procedure cost-share waiving and gives telehealth at no out-of-pocket cost.

These solutions will continue on to be presented via September thirty. 

Harvard Pilgrim said it would reassess these procedures as instances warrant. 

It is awaiting regulatory approval in Connecticut, which it expects to receive shortly. 

On top of that, the insurance provider is awaiting regulatory guidance for the probable of issuing aid for 2020 unique overall health ideas.

The overall health strategy will continue on to evaluate assert traits and may put into action
supplemental actions to present premium aid, as very well as supplemental assist initiatives during the remainder of the calendar year.
THE More substantial Development

Due to the fact the start out of the pandemic, the Harvard Pilgrim Well being Treatment Foundation has donated near to $four million to nonprofit corporations during the area to support present food items, transportation help and other assist solutions to more mature adults and low-income family members impacted by the pandemic.  

In August 2019, Harvard Pilgrim Well being Treatment and Tufts Well being Program announced their intent to incorporate their nonprofit corporations.

The transaction is anticipated to near sometime in the next or 3rd quarter of 2020, in accordance to Tufts Well being Program.

ON THE Report

“Harvard Pilgrim’s motivation to our customers, consumers, communities and service provider partners has in no way been stronger,” said Michael Carson, president and CEO of Harvard Pilgrim Well being Treatment. “The actions we are saying currently are a continuation of our wide-based COVID-19 assist. Our first period of aid integrated over $40 million in payment advances to service provider corporations across New England, almost $four million in community assist grants and a range of member-concentrated cost share waivers for COVID-19 testing, procedure and the improvement of telehealth solutions.”

Twitter: @SusanJMorse
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