Blue Cross and Blue Shield of Minnesota Announces $70 Million in Premium Relief and Rebates
Blue Cross and Blue Shield of Minnesota and Blue Plus (Blue Cross) today announced plans to provide more than $38 million in premium relief for thousands of Medicare members, individual and family plan members, and fully insured businesses throughout the state. All of these one-time credits, which will range from 10 percent to 25 percent, will be applied to an upcoming monthly bill before the end of 2020. Additionally, Blue Cross recently completed an accelerated mailing of rebate checks totaling more than $31 million to thousands of members who had individual and family coverage with the insurer in 2019. The combined $70 million in financial relief comes at a time when many Minnesota residents and employers continue to face significant challenges resulting from the economic downturn that began with the onset of the COVID-19 pandemic. All eligible Medicare members (Medicare Advantage, Medicare Supplement and Medicare Cost) will be given a one-time premium credit that represents a 10 percent to 25 percent return of two months’ worth of premiums from earlier in the year, when access to non-emergency care was at its most restricted due to the pandemic.
Source/more: PR Newswire