Covered California for Small Business announced a Premium Deferral Program that will help groups maintain coverage through the COVID-19 pandemic. Three key takeaways from Covered CA's press release are:
- Covered California for Small Business will allow small businesses an additional 30-day grace period to make their premium payments for the months of April and May.
- Employers interested in the program will be able to defer up to 75 percent of their premium payments for April and May in an effort to keep thousands of small business employees insured during the current health care crisis.
- A survey found that more than three out of every four Covered California for Small Business employers are either operating in a limited capacity or are temporarily closed.
The Premium Deferral Program is currently being offered to employers who have not yet paid their premiums for April or May.
See CCSB's news release for more information about the program.
For questions, please contact a member of your B&P Sales Team - 888.722.3373.