What happens when you add an ‘anti-viral’ drug to your insurance plan?
- by admin
AARP is launching a new program that will pay premium discounts to people who sign up for health insurance coverage through the Affordable Care Act’s health insurance exchanges.
The program, called Anthem AARP, will pay $300 off a $1,000 deductible for those who sign into the program.
AARP also plans to offer $300 in discount for people who buy into a health insurance plan through the federal health insurance marketplace through the Federal Health Insurance Marketplace (HUMCO).
The insurer will pay about $50 off a deductible for that plan, and it’s also offering a $25 rebate for anyone who purchases coverage through that marketplace.
The program will begin on the Obamacare marketplace in 2017, and AARP said it expects it will be fully operational by 2020.
The company is partnering with insurance companies to help people who choose to buy coverage through Anthem AARP get the discounts.
“Our goal is to help everyone who wants to purchase health insurance get the best price possible for their premiums and deductibles, which will allow them to make better choices and make healthier decisions,” said AARP CEO David Siegel in a statement.
Anthem AARP plans to provide a rebate to any insured individual who qualifies for the program, which covers the cost of out-of-pocket health care expenses.
This will include the following:If you’re uninsured or underinsured, Anthem Aarp will pay your premium on a first-come, first-served basis.
The first-day rebate will begin at the first-time, non-payment rate.
It will end on the first day of enrollment for those enrolled in the health insurance plans through the marketplace.
The rebate applies to out- of-pocket expenses for all plan participants.
You can find out more about the rebate program at amarpg.org/rewards.
If you buy coverage on the Affordable HealthCare.gov Marketplace through the ACA’s exchanges, Anthem will also pay you $300 to cover the cost, which goes towards paying for pre-existing conditions, and the cost will be added to your deductible.
You can also apply to be enrolled in an ACA-approved medical savings account to receive a $5,000 tax credit to cover your premium and deductibility for out-o-pocket medical expenses.
Anthem AARRPs Health Insurance Plan will also offer a rebate of $300 for anyone enrolling in the program through the exchange.
It’s important to note that, unlike the HMOs, the Medicare Advantage plans offered through the exchanges are not subsidized by Medicare.
Rather, they are subsidized by the federal government, which in turn is funded by the Federal Employee Health Benefits Program (FEHB).
So the rebate doesn’t include the government-subsidized cost of providing healthcare for employees.
The FEHB is also part of the ACA.
An Anthem spokeswoman confirmed to The Verge that the company will be offering the $300 discount to those who enroll in the new program through its exchange.
“We are working to make sure that as much as possible is paid by those who choose Anthem AArps premium benefits,” she said.
AARP is launching a new program that will pay premium discounts to people who sign up for health insurance coverage…