Indiana Department of Insurance Commissioner Stephen W. Robertson recently approved a request from Anthem to provide financial relief to individual plans and fully-insured employer groups in the form of premium credits. The premium credits program ranges from 10% to 15% for Anthem medical plans and 50% for dental, which include individual grandfathered plans, small group plans, large group plans, and national accounts with Anthem medical and/or dental plans. Anthem is providing $14.4 million of financial assistance to Hoosiers to ease the burden COVID-19 is placing on affiliated health plans’ consumers and employer customers, care providers and nonprofit partners across the country. The credit will be applied against the July premium – most customers will see the credit on their August premium invoice, reducing the premium amount paid by customers for that month.
“I want to personally thank Anthem for offering this premium credits program to help provide Hoosier employers some financial relief and assistance for their financial wellness during the COVID-19 pandemic when many individuals and employers are struggling,” said Commissioner Robertson.
The Indiana Department of Insurance continues to issue news and update guidance regarding the actions taken by the Department as our state responds to the COVID-19 pandemic. Visit the Department’s COVID-19 Actions webpage for links to current guidance.