Excellus BlueCross BlueShield issues $21 million in premium refund credits as part of its COVID-19 pandemic response

Posted on October 13, 2020

News Release

For immediate release                                                                                                  Contact: Aida Byrne

Date: Oct. 13, 2020                                                                                                          Phone: (315) 941-0358

 

Excellus BlueCross BlueShield issues $21 million in premium refund credits as part of its COVID-19 pandemic response

 

SYRACUSE, NY – Excellus BlueCross BlueShield is issuing $17.6 million in medical premium refund credits to about 700 large group employer and union-sponsored plans that are prospectively rated as part of its comprehensive community response to the COVID-19 pandemic.

 

This comes one month after the health insurer issued $3.4 million in premium refund credits to employer groups who offered the plan’s dental coverage.

 

“Keeping health care affordable is our mission as a non-profit insurer and it starts with not collecting more than we need to pay claims and run the business,” said Christopher C. Booth, CEO of Excellus BCBS. “When upstate New York went into lockdown and elective medical care decreased, our claims payments also declined. We are returning a portion of the premium.”

 

The medical premium credit will appear on the bills being sent out in November.

 

The dental premium refund was credited on the groups’ October invoice.

 

To date, the health plan has spent or expects to spend more than $300 million this year as a result of the COVID-19 pandemic.

 

This has taken the form of COVID-19 related claims and expanded coverage during the state of emergency, reductions in the administrative burden for health care providers, distribution of personal protective equipment for employers and providers, and contributions to food banks and food pantries throughout the health plan’s upstate service territory.

 

“Our priority continues to be taking care of the customer and making sure members have access to the care they need,” Booth said. “Our claim volumes have returned to normal levels given the demand for elective procedures and routine care that may have been put off during the quarantine. We are also still bracing for a possible second wave in COVID-19 related costs. We hope it doesn’t come but we are prepared if it does.” 

 

For the latest information on the health plan’s response to the COVID-19 crisis, members, providers and employers are encouraged to visit https://www.chooseexcellus.com/covid19

 

###

 

Excellus BlueCross BlueShield, an independent licensee of the Blue Cross Blue Shield Association, is a nonprofit health plan with 1.5 million upstate New York members. The company's mission is to help people live healthier and more secure lives through access to high-quality, affordable health care. Its products and services include cost-saving prescription drug discounts, wellness tracking tools and access to telemedicine. With more than 3,500 employees, the company is committed to attracting and retaining a diverse workforce to foster innovation and better serve its members. It also encourages employees to engage in their communities by providing paid volunteer time off as one of many benefits. To learn more, visit ExcellusBCBS.com.

 

 

 

Other Member News

Oswego Health Golf Tournament
April 9, 2024

Annual Golf Tournament Proceeds to Directly Impact Local Patient Care

As a nonprofit community healthcare system, Oswego Health counts on additional support from generous donors to help deliver outstanding medical care throughout Central New York.

April 9, 2024

Friends of the Rosamond Gifford Zoo to Host Earth Day Festivities

The Friends of the Rosamond Gifford Zoo will host the Novelis Party for the Planet in celebration of Earth Day.

Kyle Arnold PMHNP
April 9, 2024

Oswego Health Welcomes Kyle Arnold, PMHNP to The Center for Mental Health & Wellness for Youth

Arnold is now part of the 100+ physicians and advanced practice providers employed by Oswego Health.

Matthew Guiles Headshot
April 9, 2024

Solvay Bank Announces New Branch Manager for North Syracuse Location

Fox will oversee day-to-day operations, focusing on providing exceptional customer service and working to expand relationships.

Oswego Industries Casino Night
April 8, 2024

Oswego Industries Casino Night

Enjoy a night out Saturday, April 13 at the River Vista Event Center in Fulton with friends.

Oneida Indian Nation’s Wáhta’ Maple Farm Increases its Maple Syrup Production by 35% in its Second Season; Now For Sale at Nation Venues
April 4, 2024

Oneida Indian Nation’s Wáhta’ Maple Farm Increases its Maple Syrup Production by 35% in its Second Season; Now For Sale at Nation Venues

In only its second sugaring season, Wáhta’ Maple Farm has increased the amount of its maple syrup production by 35% and has plans for continued growth.

Manufacturing Summit – Operation Oswego County
April 4, 2024

Manufacturing Summit – Operation Oswego County

This innovative event aims to explore programs tailored to elevate the current and future manufacturing business ecosystem in Oswego County.

PFT Lab Reopens at Oswego Health
April 4, 2024

Pulmonary Function Testing Lab Reopens at Oswego Health

PFTs are noninvasive tests that show how well the lungs are working.

Matthew Guiles Headshot
April 4, 2024

Solvay Bank Welcomes New Branch Manager for State Tower Location

Guiles joined Solvay Bank in 2019 as a Banking Solutions Representative.