Insurers concerned Biden administration could mean more testing costs
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Some insurers worry that the Biden administration could put them on the hook for more COVID-19 testing costs.
The Trump administration issued guidance stating that insurers responsibility to pay for COVID-19 tests is limited to tests that are medically necessary, despite Democratic lawmakers insistence that they intended to institute a broader requirement. However, that interpretation could change under a Democratic administration.
The Families First Coronavirus Response Act requires insurers to cover COVID-19 tests without patient cost-sharing, but the guidance, issued June 23, says that the law only applies to tests that are deemed medically appropriate by a healthcare provider.
Insurers, providers prepare for COVID-19 vaccine administration costs
Modern Healthcare Illustration / Getty Images
While the federal government is covering the cost of the COVID-19 vaccine for consumers during the public health emergency, some insurers may be left to foot the bill for providers time administering the shot.
Although several insurers have said their members won t be charged for the vaccine or its administration, some providers expect to shoulder some costs as well. We greatly appreciate that the federal government is covering the cost of the vaccine, and the administration fee will be covered by individuals health insurance, so the residents and staff will not have to pay, the American Health Care Association/National Center for Assisted Living said in an emailed statement.
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December 11, 2020 11:28 AM Natalie Campisi - Forbes Advisor
Posted:
Updated:
December 13, 2020 6:51 AM
Guesthouses, grannie units, casitas, in-law suites or the less fun, but formalized accessory dwelling units (ADUs) are all terms used to describe a second, often smaller, home on the same property as the main house. And homes that have ADUs are a hot ticket in today’s vigorous housing market.
Data shows that ADU homes have been selling faster, with higher price tags, year-over-year, while outpacing national sales trends during the coronavirus pandemic.
In January, before the pandemic took hold in the United States, homes with ADUs were selling 1.8% (two days) faster than the same time the year prior. Fast-forward to November, and the pace spiked to 26% (22 days) faster than the same time last year. This trend zipped past the national rate, where homes were selling 18% faster year-over-year in November, according to data from Realtor.com.