GRAND RAPIDS, Mich. (WXYZ) — Priority Health announced plans this week to help members and employers who are facing challenges amid the coronavirus outbreak with premium credits and cost-sharing changes.
The insurer announced it will waive cost-sharing for all Medicare Advantage members for in-person and telehealth primary care services from May 1 through the end of the year.
It will also offer a 15% premium credit for June and July for MyPriority Individual Plan and small group employers.
“Our team is focused on people, not profits and the welfare of our members is always our top priority,” Priority Health President & CEO Joan Budden said in a release. “Priority Health is constantly looking for ways to make health care more affordable, and thanks to our dedication to running an efficient operation, we are pleased to be able to make this commitment today to offer financial relief to our members.”
The plan, according to the insurance company, is to return any revenue above the 10% administrative rate back to employers and members.
“Small businesses and individual consumers have been particularly hard hit during this outbreak, we hope this relief will make it easier for them to stay covered,” Budden added. “We also recognize that the lives and health care routine of our senior members has been significantly impacted. We want to make sure these members are able to reengage with the health care system without having to worry about the cost of a copay to see their doctor.”
Other actions taken by the company during the pandemic include waiving all copays, deductibles and coinsurance for COVID-19 treatment through the end of June, expanding free home medication delivery, expanding $0 virtual care to most members and more.
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