Even if the recovery rate of COVID-19 patients shows an upswing, it could be hard for some people to spend money on hospital bills. Treatments for the novel corona virus patients could be highly expensive and so, it is desirable to check whether your current insurer will pay costs required for hospitalization should such a need arise. To that effect, it is important for you to contact your health insurance provider to know what expenses are covered and what aren’t.
Here is some vital information that may help you to understand what to expect from your insurance company if you need to tale tests or treatment for the probable COVID--19 infections.
- Most of the health insurance policies pay 100% costs for corona virus testing, visits to doctors or emergency rooms and even urgent care centers that conduct COVID-19 tests as prescribed by the United States Department of Health and Human Services.
- All ACA compliant comprehensive individual, employer-sponsored as well as marketplace healthcare insurance plans are supposed to cover costs for novel corona virus testing. However, if you have a short term health insurance policy which isn’t ACA compliant then your insurer might not reimburse expenses for COVID-19 testing.
- Last month President Trump signed Relief and Economic Security (CARES) Act into law to make it mandatory for insurers to include COVID-19 anti-body testing charges in their coverage. Anti-body tests help doctors to determine whether a patient has enough immune proteins that can deter the novel corona virus infection although the effectiveness of anti-body tests is under a cloud of suspicion among healthcare professionals.
Treatment co-pays and co-insurance
- Some insurance companies like Aetna, Cigna and Humana are known to have waived co-payments, co-insurance as well as deductibles for all COVID-19 treatments and that may include hospital stays.
- But in majority of the cases, these waivers may be applicable only to in-network healthcare services. Besides, some health insurance companies might impose certain limits or restrictions on waivers or ask for have cost-sharing. Similarly, self-funded employer provided health insurance plans might not cover all costs for testing and treatments of corona virus disease.