Humana Temporarily Waives Member Costs for Primary Care, Behavioral Health and Telehealth Visit
May 05 2020 - 10:39AM
Dow Jones News
By Anna Wilde Mathews
Humana Inc. said it would waive cost-sharing on primary care,
behavioral health and telehealth visits by its Medicare members for
the rest of the year.
The insurer, which said it believes it is the first to make such
a move, said the financial impact is "meaningful" and will be part
of its effort to disburse gains that come as a result of the
widespread cancellation of elective procedures and other health
care amid the coronavirus pandemic.
Insurers are expected to see huge savings from the drop-off,
which is putting a financial squeeze on hospitals and doctors.
Humana said its members typically pay co-pays ranging from $0 to
$35, while a small share pay 20% coinsurance. The waived
cost-sharing means the visits will also not count against the
members' deductibles. However, the shift only applies to in-network
visits.
Write to Anna Wilde Mathews at anna.mathews@wsj.com
(END) Dow Jones Newswires
May 05, 2020 10:24 ET (14:24 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Humana (NYSE:HUM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Humana (NYSE:HUM)
Historical Stock Chart
From Apr 2023 to Apr 2024
