Under federal law, most insurance companies began footing the bill for COVID-19 tests, vaccines, and treatment last year. But now, as vaccination rates stall and hospitalizations soar, insurers are changing their tune.
A recent analysis published by the Kaiser Family Foundation shows that a large majority of U.S. insurers are no longer covering COVID-19 treatment. Here’s why. Early in the pandemic, insurance companies began waiving costs related to COVID-19 testing and treatment. The change was due in part to“Health insurance companies were spending so much less than expected,” Matthew Rae, director for the Program on the HealthCare Marketplace at KFF,“During the pandemic, no one went to the hospital.
Today, more than 70% of the nation’s largest insurance companies are no longer waiving COVID-19 treatment costs. By the end of October 2021, an additional 10% will also phase out cost-sharing. helpful online resourceTo find your insurance provider more quickly once on the page, press “Control + F” to use your find function. Then, type your insurer in the search box. You can also