CMS Announces a Temporary Policy for Premium Reductions

(Source – www.cms.gov/newsroom)

Today, as part of the agency’s efforts to facilitate the nation’s response to the coronavirus disease 2019 (“COVID-19”) public health emergency (PHE), the Centers for Medicare & Medicaid Services (CMS) announced a policy that will allow issuers to offer temporary premium reductions for individuals with 2020 coverage in the individual and small group markets. CMS is providing this additional flexibility to help ensure that consumers struggling to pay their premiums can continue to be covered and receive the care they may need during this time.   Continue reading press release here…

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