Today, the Centers for Medicare & Medicaid Services (CMS) issued Frequently Asked Questions (FAQs) to clarify coverage for the diagnosis and treatment of the Coronavirus Disease 2019 (COVID-19) by catastrophic health plans. A catastrophic health plan generally may not provide coverage of an essential health benefit before an enrollee meets the plan’s deductible. Through these FAQs, CMS is announcing that the agency will not take enforcement action against any health issuer that amends its catastrophic plans to provide coverage without imposing cost-sharing requirements for COVID-19 related services before an enrollee meets the catastrophic plan's deductible. CMS encourages states to take a similar enforcement approach.
The purpose of this use of CMS’ enforcement discretion is to remove barriers and financial disincentives to COVID-19 diagnosis and treatment. The FAQs issued today align with guidance the Internal Revenue Service (IRS) released last week, which provides flexibility to high deductible health plans to provide health benefits for diagnosis and treatment of COVID-19 without application of a deductible or cost-sharing.
These FAQs, and earlier CMS actions in response to the COVID-19 virus, are part of the ongoing White House Task Force efforts. To keep up with the important work the Task Force is doing in response to COVID-19, click here www.coronavirus.gov. For information specific to CMS, please visit the Current Emergencies Website.
Ten Tips To Guide Your Staff Through COVID-19 Crisis
CMS Orders Delay Of Elective Medical/Dental Procedures And Surgeries
Advisor News
- Why seniors fear spending their own retirement wealth
- The McEwen Group Merges with Prairie Wealth Advisors to Form Billion Dollar RIA
- Guaranteed income streams help preserve assets later in retirement
- Economic pressures make boomerang living the new normal
- Pay or Die: The scare tactics behind LA County’s Measure ER tax increase
More Advisor NewsAnnuity News
- Guaranteed income streams help preserve assets later in retirement
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
- My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
- Ameritas settles with Navy vet in lawsuit over disputed annuity sale
More Annuity NewsHealth/Employee Benefits News
- UNM faculty union fights 13% health insurance hike
- STATE HEALTH COVERAGE FOR IMMIGRANTS AND IMPLICATIONS FOR HEALTH COVERAGE AND CARE
- CHILDREN IN IMMIGRANT FAMILIES: KEY FACTS ON HEALTH COVERAGE AND CARE
- KEY FACTS ON HEALTH COVERAGE OF IMMIGRANTS
- SCHAKOWSKY, BLUNT ROCHESTER INTRODUCE LEGISLATION TO IMPROVE MATERNAL HEALTH CARE AND SAVE MOMS' LIVES
More Health/Employee Benefits NewsLife Insurance News
- Transgender plaintiffs win preliminary victories in three gender-affirming care lawsuits
- AM Best Upgrades Issuer Credit Rating of Southern Farm Bureau Life Insurance Company
- Industry Innovator Scores New High-Water Mark: Reliance Matrix Logs 8 Millionth Employee Benefit/Absence Claim
- $150M+ asset sale payout distributed to Greg Lindberg policyholders
- Best’s Market Segment Report: AM Best Revises Outlook on France’s Non-Life Insurance Segment to Stable from Negative, Reflecting Top-line Growth, Technical Profitability
More Life Insurance News