We made it! 2020 is finally over. It has been one of the longest, most stressful, and unprecedented years most of us have ever endured. At this point, we all know or have known someone who has contracted Covid-19; many of us have lost loved ones from it. We’ve all had to make drastic changes to our lives — masks, social distancing, trips, concerts, family visits, etc.
Trust me when I say, 2020 can’t end fast enough.
Now we are a few days into the New Year of 2021, and there is a collective feeling of optimism, a sense of renewed hope and faith in humanity.
We now have a vaccine rollout to those who desperate need it, and the question that pops up most is: How will my health insurance cover a covid-19 vaccine?
In most cases, most will have to pay nothing for the vaccine. Currently and for the duration of the public health emergency, most people with insurance coverage will have access to zero-cost Covid-19 vaccines. Coverage details will differ in later years, assuming we will have to continue to receive Covid-19 vaccines on a regular basis.
The CARES Act states Medicare beneficiaries will not need to pay for the vaccine — and it covers Original/Traditional Medicare, Medicare Advantage, and Medicare cost plan.
The majority of private health insurance cover Covid-vaccines in full. And although Short-Term plans cover the Covid vaccine, many other plans not regulated by the ACA do not fall under the vaccine coverage requirement of the CARES Act.
It’s important to understand the details and of your health plan — we can help! We can explain the specifics of your plan and let you know exactly how much of your vaccine is covered. Give us a call today!