The credit will be applied against the May premium most customers will see the credit on their July premium invoice
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(Indianapolis, Ind.) - The Indiana Department of Insurance Commissioner Stephen W. Robertson recently approved a request from UnitedHealthcare to provide financial relief to commercial fully insured individuals (excluding student) and group health plan policyholders in the form of premium forgiveness credits.
The premium forgiveness credits program ranges from 5%-10% for major medical plans and 50% 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.
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