Financial

Amid Pandemic, UnitedHealth Group Offers $1.5 Billion In Premium Credits To Enrollees

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.

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Chris J. Stewart

Chris currently serves as President and CEO of Surgio Health. Chris has close to 20 years of healthcare management experience, with an infinity to improve healthcare delivery through the development and implementation of innovative solutions that result in improved efficiencies, reduction of unnecessary financial & clinical variation, and help achieve better patient outcomes. Previously, Chris was assistant vice president and business unit leader for HPG/HCA. He has presented at numerous healthcare forums on topics that include disruptive innovation, physician engagement, shifting reimbursement models, cost per clinical episode and the future of supply chain delivery.

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