UnitedHealthcare Announces Premium Credits for Clients
As you may have heard, UnitedHealth Group recently announced more than $1.5 billion in assistance and premium support to customers. These measures build upon UnitedHealthcare’s ongoing efforts to address COVID-19 challenges by expanding coverage, supporting the health care system, protecting the health care work force, and assisting those most affected by the pandemic.
For UnitedHealthcare fully insured customers, premium relief will be available as follows:
- The premium credit will equate to roughly 10 percent of the group’s May 2020 fully insured medical invoice and will be reflected on their July 2020 invoice (typically issued mid-June).
*Credit percentage amount is State specific, groups outside of Ohio the amount may be different
*Credit does not apply to All Savers or MEWA groups
- Customers with fully insured dental coverage will receive a premium credit of roughly 50 percent of your May 2020 dental invoice, and the timing of the credit will align with medical.
Note that clients don’t need to take any action to receive the credit, as it will be automatically applied to their July invoice. The credit will be presented as a single line item with a note indicating what it is for. In some instances, where the billing system is unable to include a line item note, the credit will be included in the balance due and communicated via email or other means.
Contact your Cornerstone representative with any questions.
