Insurers to cover COVID-19 home testing from January 15
If you have health insurance, here’s what you need to know to get your free COVID-19 home tests.
- From January 15, insurers will have to cover the cost of home COVID-19 tests.
- If you are insured, be sure to take advantage of this upcoming policy change.
Throughout the pandemic, Americans have been responsible for the cost of home COVID-19 testing. Soon, that’s about to change for a lot. Starting January 15, health insurance companies will be required to cover the cost of home COVID-19 testing. This change will allow Americans to get tested quickly without worrying about the additional expense.
In December, the Biden administration announced an upcoming policy change that would require insurers to reimburse the costs of home tests. Since this news, details have been announced, and eligible individuals and families can expect those testing costs to be covered by their insurance in the coming days.
Americans had access to free tests at health clinics, pharmacies, and emergency care facilities, but they were responsible for purchasing home test kits. Since many free testing clinics across the country are fully booked or have limited appointment availability, people have no choice but to use home tests – and they are no good. Marlet.
Here’s what you need to know about home COVID-19 testing
Starting January 15, insurance companies will have to cover the cost of FDA-approved COVID-19 home testing. No deductible, co-payment, co-insurance or prior authorization requirement applies. If you have private insurance or are part of a group health insurance plan, you are eligible.
Insurers are encouraged to set up programs that will allow individuals to collect tests directly from preferred pharmacies without paying out-of-pocket costs. This type of program would eliminate the need to file a refund claim and make getting tests quick and easy.
But policyholders can also buy over-the-counter tests and get reimbursed for the costs later. If you buy a test yourself, your insurance company will need to cover up to $ 12 per individual test. This will give individuals and families more flexibility, allowing them to purchase tests when it is convenient for them, including the ability to purchase tests online.
Insurers will need to cover up to eight tests per person per month. A couple covered by the same health care plan, for example, could get up to 16 covered tests per month. However, there is no limit to the number of tests covered if a healthcare professional orders tests.
Remember that only tests purchased from January 15, 2022 will be covered. If you want to learn more about the reimbursement process, or whether your insurer has any pharmacies or preferred outlets where you can pick up tests without paying out of pocket, you will need to contact your insurance company directly.
Other Ways to Get Free Home COVID-19 Tests
If you are currently uninsured, don’t worry, there are other ways to get free tests. The Biden administration has promised to increase the availability of tests for all. This policy change is one example of the steps that have been taken to help Americans get the tests they need.
There are other plans to increase access to testing. The administration is providing 500 million in-home COVID-19 tests directly to households. A website will soon be available and those interested can request that tests be mailed to their homes. In addition, the government will provide 50 million free home tests to community health centers across the country.
If you’ve purchased over-the-counter COVID-19 tests and are frustrated with the cost of the tests, this upcoming change may help you keep more money in your pocket. Every little bit of money you save can make a difference and get you closer to your financial goals.
If you are looking for ways to save money in your daily life, check out these personal finance resources for advice.
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