March 11 - IRS Confirms High-Deductible Health Plans (HDHPs) Can Cover Coronavirus Costs
March 25 - CARES Act Expands COVID-19 Testing Coverage
Signed into into law on March 25, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) allows HDHPs to cover all telehealth (not just COVID-19 related) on a pre-deductible basis, mandates coverage of COVID-19 diagnostic testing by all plans without cost-sharing, and requires all plans to cover Coronavirus vaccine without cost-sharing.
Other COVID-19 Updates:
Opinion: Expand Medical Coverage During Pandemic
In this recent Detroit News op-ed, the V-BID Center’s Dr. Mark Fendrick and Beth Shrosbree make the case for utilizing V-BID principles to protect beneficiaries from high out-of-pocket costs for critical COVID-19 related care, as well as other clinical conditions.
Some Insurers Waive Patients' Share Of Costs For COVID-19 Treatment
What Are Americans’ Views on the Coronavirus Pandemic?
In a recent poll conducted by NBC News and The Commonwealth Fund, 68% of respondents said that out-of-pocket costs would be an important factor in their decision to seek care for coronavirus symptoms.
Insurance Superintendent Guarantees Free COVID-19 Testing and Treatment for New Mexicans
After an emergency rule issued by Superintendent of Insurance Russell Toal, New Mexico became the first state to prohibit health insurers from imposing any type of cost-sharing for testing and treatment related to COVID-19.
ACP Offers Resources to Assist Patient and Clinicians in Discussing Treatment Costs
Medication Adherence Suffers Because of High Drug Costs
This article discusses a recently published study which demonstrated that nearly 13% of patients with Atherosclerotic Cardiovascular Disease (ASCVD) were not taking their medications as prescribed due to cost. High patient out-of-pocket costs are a barrier to high-value drugs; learn how V-BID can help here.
How Would Sharing Rebates at the Point-Of-Sale Affect Beneficiary Cost-Sharing in Medicare Part D?
This white paper explores the implications of policy that would base cost-sharing for Medicare Part D beneficiaries on net price, rather than list price. According to the research, implementation of this policy would save 20 percent of beneficiaries more than $100 per year, providing needed financial relief.
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