By Alexis Preskar at Kohrman,Jackson & Krantz LLP
The Ohio Superintendent of Insurance has issued an order directing insurers to relax certain insurance requirements in light of the COVID-19 coronavirus pandemic. This order applies to health insurance, not other ancillary insurance services (like dental or vision).
INSURERS:
- Cannot increase premium rates because of COVID-19
- Must provide insurance even if employees are no longer working or are working reduced hours
- Must provide the option to defer premiums for 60 days, interest free
FOR CONTINUING COVERAGE:
If there are 20+ employees and one active employee remains, employees can elect COBRA coverage
If there are fewer than 20 employees and one employee remains active and enrolled, employees can elect Ohio state continuation coverage for up to 12 months
If an employee loses their coverage, insurers must waive special requirements and allow those employees to obtain coverage the day after they lose employment for policies not bought from the federal exchange. Policies bought on the federal exchange are effective the first day of the next month and premium subsidies may be available.
KJK publications are intended for general information purposes only and should not be construed as legal advice on any specific facts or circumstances. All articles published by KJK state the personal views of the authors. This publication may not be quoted or referred without our prior written consent. The views set forth therein are the personal views of the author and do not necessarily reflect those of KJK.
Recent Comments