CMS Announces A Temporary Policy For Premium Reductions

Husch Blackwell LLP
Contact

In light of the public health emergency and the urgent need to help individuals and small employers experiencing economic hardship, CMS announced on August 4, 2020 that it has adopted a temporary policy to allow health plan issuers to offer premium credits for 2020 coverage. In its guidance, CMS encouraged states to adopt a similar approach. Health plan issuers wishing to provide premium credits for 2020 coverage must receive the applicable regulator’s permission to provide premium credits, or CMS’s permission in states where CMS is the primary enforcer of the applicable federal requirements (Missouri Oklahoma, Texas, and Wyoming). For CMS’s guidance on this temporary policy and details on the requirements, see https://go.cms.gov/30sJGOG.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Husch Blackwell LLP | Attorney Advertising

Written by:

Husch Blackwell LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Husch Blackwell LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide