Indiana Department of Insurance Commissioner Stephen W. Robertson recently approved a request from UnitedHealthcare to provide financial relief to commercial fully insured individual (excluding student) and group health plan policyholders in the form of premium forgiveness credits.
The premium forgiveness credits program ranges from 5 to 10 percent for major medical plans and 50 percent for dental. The credit will be applied against the May premium – most customers will see the credit on their July premium invoice, reducing the premium amount paid by customers for that month. The credit is not conditional on sale or renewal of coverage.
“I want to personally thank UnitedHealthcare for stepping up to help Hoosiers by offering premium forgiveness credits and other programs during this pandemic,” 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.
About the Indiana Department of Insurance
The Indiana Department of Insurance protects Indiana’s insurance consumers by monitoring and regulating the financial strengths and market conduct activities of insurance companies and agents. The department monitors insurance companies and agents for compliance with state laws to protect consumers and to offer them the best array of insurance products available. The department also assists Hoosiers with insurance questions and provides guidance in understanding how insurance policies work.