Relaxed Insurance Eligibility Requirements and Extended Relief Period

Relaxed Insurance Eligibility Requirements and Extended Relief Period

COVID-19 Medical

The unpredictability of the current COVID-19 situation is complex, and Brooks Financial Group (BFG) understands how stressful that can be during these difficult times. Many employers are faced with limiting hours and furloughing employees. The insurance carriers want to remain flexible and accommodating. As such, many insurance carriers are relaxing eligibility requirements during this crisis and are establishing an extended relief period until May 31, 2020.

If an active, enrolled employee working 30 hours or more per week as of March 1, 2020 is furloughed or has hours reduced below normal full-time eligibility, the insurance carriers have agreed to allow employees to remain enrolled in benefits for the duration of the extended relief period as long as full premium payments are made.

Employers must confirm that the employees who remain on the plan, through the extended relief period, were active and covered by the plan as of March 1, 2020. 

Also, BFG continues to work with all carriers to obtain the most up-to-date information regarding payment accommodations.  The carriers are announcing their own set of guidelines and are considering payment accommodations on a case by case basis.  Therefore, it is important to continue to work directly with your corporate benefits advisor or relationship manager to submit these requests. 

Please reach out to us for clarification or additional information.  We are here and ready to serve you.

We wish you, your families and your team members good health and safety as we all continue to endure these changing times.