5 Key Areas to Watch to Keep Your Benefit Plan in Compliance
Employers who offer employee benefit plans like health insurance or retirement benefits are governed by the Employee Retirement Income Security Act...
As the pandemic continues to linger on, the Biden-Harris Administration is continuing its efforts to expand access for Americans to free COVID-19 testing. Beginning in early Spring 2022, Medicare plans will cover the costs of over-the-counter COVID-19 tests.
Throughout the course of the pandemic, access to testing has been a challenge to overcome given the increased demand and accessibility of testing supplies. In addition, the Centers for Medicare and Medicaid Services (CMS) has faced increased complexities and difficulties to cover the costs of over-the-counter tests. Medicare has continually strived to find a solution to provide no costs testing to those with Medicare and are on the cusp of providing this added benefit.
Americans who are enrolled in Medicare or Medicare Advantage will have access to the over-the-counter tests at no cost. Beneficiaries will be able to access up to eight tests per month for free at participating pharmacies and other participating entities.
Additionally, all Medicare Part B beneficiaries will be eligible for this newly offered benefit, even if they are not enrolled in a Medicare Advantage plan.
As the CMS is continuing to push and get this benefit available to Medicare participants as soon as possible, there are a variety of additional ways for Medicare patients to access COVID tests.
With the importance of providing accessible testing to all Americans, the new initiative will allow Medicare to provide payments to pharmacies and other participating entities directly so that beneficiaries can pick up tests at no cost to them. This is a huge stride for the CMS to be able to provide expanded COVID-19 testing resources to all Americans in order to combat the pandemic.
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