Morgan Haefner| Aug 05, 2020
CMS said Aug. 4 that it will allow health insurers to temporarily lower premiums for members in the individual and small group markets to help Americans who are facing financial hardship amid the COVID-19 pandemic.
Under current regulations, health insurers can’t change premiums for their plans after the start of the benefit year.
The new policy will allow health insurers to lower premiums for a few months this year, if state law allows it as well. The change is effective through the end of 2020.
Source: Beckers Healthcare