The country’s largest healthcare insurer, which is based here in MN, is offering consumer relief in some plans to increase revenue from premium payments.
UnitedHealth Group says it will pass on $1.5 billion through premium credits, waived copays and other discounts and spending in response to COVID-19, with most going to customers hurt by the economic slowdown caused by the pandemic. The company says it will provide premium credits ranging from 5% to 20% to some subscribers in June and waive certain fees for people in Medicare Advantage health plans. UnitedHealth also pledged “premium price stability and support” for seniors in Medicare Supplement policies.