May 7, 2020 / Bruce Japsen, Senior Contributor
UnitedHealth Group, the nation’s largest health insurer, is providing premium rebates and credits the company says are worth $1.5 billion to health plan members impacted by the Coronavirus strain COVID-19.
The effort announced Thursday means individuals and employers in UnitedHealth’s UnitedHealthcare brand “fully insured benefits” could get “credits ranging from 5% to 20% depending upon the specific plan will be applied to premium billings received by customers in June.”
UnitedHealth didn’t say how many people might get the credits so whether the amount of credits being offered will ever be exhausted is unknown. The commercial and individual business accounts for a small share of United’s health plan offerings.