CCSB Announces Payment Options to Help Struggling Employers Keep Employees Covered
May 4, 2020
On April 30th, Covered California for Small Business (CCSB) announced a new Premium Deferral Program aimed at helping hundreds of small businesses continue to provide insurance to their employees during the current COVID-19 pandemic.
Premium Deferral Program Summary
CCSB will allow small businesses an additional 30-day grace period to make their premium payments for the months of April and May.
Employers will be able to defer up to 75 percent of their premium payments for April and May. The program will allow affected businesses to pay just 25 percent of their premium payments for those two months and defer the remaining amount across the rest of the year.
A survey found that more than three out of every four CCSB employers are either operating in a limited capacity or are temporarily closed.