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UnitedHealth Group has announced it will provide over $1.5 billion to customers in response to COVID-19.
The majority of the financial relief is being provided to commercial fully insured customers. Depending on the plan, 5% to 20% credits will be applied to premium billings received by customers in June. Details for California Small Group customers are expected shortly.
Financial relief is also being provided to Medicare Advantage, AARP Medicare Supplement, and Medicaid customers.
UnitedHealthcare is offering a rate pass for groups (2-499 employees) with renewal dates between May 1, and September 30, 2020 on specialty lines of coverage.
Specialty Coverage Included in This Rate Action:
Fully Insured Dental
Vision
Basic and Supplemental Life
Short- and Long-Term Disability
Supplemental Health: Critical Illness, Accident Protection, and Hospital Indemnity
Due to retroactive adjustments for earlier coverage months, groups with May through July renewals may see a lower rate on their monthly invoice than indicated on their renewal statement. Contact us for more information.
The COVID-19 pandemic has reshaped the world – transforming both work and life, and dramatically impacting employee well-being. Employees may have new priorities, concerns, and motivations. Despite these shifts, employers who understand employees' needs, and help them manage their personal and professional challenges, will have a more successful workforce.
Key Findings:
2 in 3 employees are feeling more stressed than before the COVID-19 pandemic.
Employer solutions that ease employee stress and improve well-being result in more successful employees.
Employers who are providing benefits during the crisis are positively impacting employee well-being.
Health Savings Accounts (HSAs) can be another valuable way to support physical, mental, and financial health.
Supporting employee well-being will be crucial for recovery and preparing for the "New Normal."
An attractive option for employers looking to ensure their employees remain healthy and secure at this time, IRS Section 139 plans provide employers with a tax-advantaged way of paying employees for qualified emergency expenses during a disaster, such as the COVID-19 pandemic.
IN THIS ISSUE
UnitedHealth Group
Will Provide Over
1.5 Billion to Customers
in Response to
COVID-19 ---------------------------------
UnitedHealthcare
Renewal Rate Pass for
Specialty Lines of
Coverage ---------------------------------
MetLife Report:
Navigating Together -
Supporting Employee
Well-Being in
Uncertain Times ---------------------------------
COVID-19: Section 139
Employer-Provided
Tax-Free Disaster
Relief Benefits ---------------------------------
Question of The Week
IMPORTANT DATES May 13
• CAHU & LAAHU Zoom
Happy Hour --------------------------------- May 14 • DCAHU Health Care
Summit
• IEAHU Webinar & CE
• SBAHU Fundraiser --------------------------------- May 15 • Application Deadline
- Beam Dental
- Choice Builder
- Covered California
for Small Business
- Delta Dental --------------------------------- May 19 • VCAHU Short Talks --------------------------------- May 20 • CAHU & LAAHU Zoom
Happy Hour --------------------------------- May 27 • CAHU & LAAHU Zoom
Happy Hour --------------------------------- May 29 • Application Deadline
- Blue Shield of CA
- Principal --------------------------------- June 3 • CAHU & LAAHU Zoom
Happy Hour --------------------------------- June 8 and 9 • EIC20 Ease Innovation
Virtual Conference --------------------------------- June 10 • CAHU & LAAHU Zoom
Happy Hour --------------------------------- June 11 • IEAHU Lunch & CE --------------------------------- June 12 • SDAHU Golf
Tournament --------------------------------- June 27 • NAHU Convention --------------------------------- July 8 • GGAHU Annual Sales
Symposium --------------------------------- July 17 • LAAHU Annual
Symposium --------------------------------- July 29 • SAHU Virtual
Business Expo --------------------------------- August 5 • CAHU Women's
Leadership Summit --------------------------------- August 14 • OCAHU Celebration of
Women in Business
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As always, we'll keep you informed about healthcare reform issues and news affecting you and your clients. Our knowledgeable team is here to help you succeed.
