Response of Health Insurance Providers Toward the Pandemic

Since we are well aware of the importance and necessity of sustaining proper health and well-being in a world which is currently grappled with an unprecedented disease, it is apparent to note that not everyone can afford the costly expenses of hospital treatments.

In such uncertain times, health insurance comes to the minds of several individuals. However, many large and small organizations have lost their employees to illness, or have laid them off due to low revenues. 

This has led to millions of people losing access to free health insurances provided by their respective firms. In this scenario, families have to tackle expensive healthcare on their own, which adds to further financial instability.

Accordingly, health insurance providers have raised their policies and plans in order to extend their reach to a wider range of citizens so as to help them alleviate medical expenses. Different health insurance providers across the U.S. are implementing effective schemes to provide convenient coverage to those who are in dire need of treatments.

Major healthcare insurance providers in the United States such as Aetna, Harvard Pilgrim, Cigna, and others have begun to waive the customer’s cost-sharing for COVID-19 testing and medical care. 

United Health Care has been providing support of approximately $1.5 billion to those affected by COVID-19. The services include waiving the cost-sharing of primary physician costs and other care. 

Aetna has been supplying principally created over-the-counter items to their members that include masks, thermometers, etc. They have devised new policies under the Aetna Maternity Program to identify and reach out to expectant mothers and provide relief in serious cases, and to ship prenatal kits.

Health insurance providers are consistently negating co-pays and are looking forward to providing swift responses to citizens. Generally, a waiting period clause exists for authorizations to health insurance companies. But due to the shorter period of transmission of the COVID-19 illness, health insurance providers have opted to eliminate authorization periods to pace up admittance and usage of their facilities by the populace. 

New initiatives such as telehealth have been adopted and put to use by health care providers. This addresses the concerns of the patients who need less medical assistance than those who need to be admitted in hospitals for care. Health insurance providers are constantly ascertaining vulnerable communities and conferring telehealth access to them. This reduces the overwhelming amount of work of doctors who are already busy with critical care patients. 

Various other strategies like partnering with hospitals and pharmaceutical industries are occurring to boost their provisions and introduce beneficial incentives for medical workers and doctors who work on the front lines have been stimulated by health insurance providers.

With the onset of a noxious widespread disease which remains prevalent, the consciousness for securing sound health has been elevated among people. This has opened doors for health insurance companies to challenge themselves in saving millions of lives and exploring new practices that could benefit one and all in a relatively shorter timeframe. As of July 2020, many of the techniques used by health insurance providers have been successful in reducing risk factors and giving prompt care to critical patients. 

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