Skip to content

Covid

When you purchase through referral links on our site, we earn a commission. Read our Advertiser Disclosure

There is nothing to like about Covid. So far I am aware of five employees or dependents of our group medical insurance clients who have come down with the disease. None have resulted in death, but that’s not the issue. I have been pleased with how the insurance companies our agency represents have handled the challenge. In March our medical insurers said that they would cover testing at 100%. I’m not aware of any of them that are now not covering 100% of treatment as well.

I have noticed a general decrease in medical claims for our level funded plans for the months of April and May. Speaking with one insurance company executive, he indicated that telemedicine visits were through the roof, prescription drug claims had not decreased, but that elective surgeries were obviously down.

It will be interesting to see if this translates into lower premium increases in the coming months. Stay tuned…

Angus McRae

Share this post on social

Get Started

Let's Talk!

Switching to Angus McRae is simple. You don’t have to change insurers. Your plans and premium rates stay the same. When you decide to upgrade to our services you will sign agent of record letters, naming us as the new broker. From there we begin the onboarding process which typically takes less than 30 days. We align on your new benefits strategy and roll out the member experience platform.

© 2023 · Angus McRae Insurance Brokerage Services, Inc.Designed by Accodelades