CMS Says Plans Can Reduce 2020 Premiums If Allowed By State

By Amy Lotven / August 4, 2020 at 6:52 PM
CMS Tuesday (Aug. 4) said that, in light of the ongoing pandemic, insurers participating in the federal exchange can offer premium discounts to enrollees through the rest of 2020 and the agency encourages state-based exchanges to take the same approach. Insures normally are not able to make changes to reduce premiums otherwise due, CMS notes in the guidance issued Tuesday (Aug. 4). The agency is offering the additional flexibility to help ensure that people struggling to pay premiums can stay...

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