The novel coronavirus also known as COVID-19 has completely changed the lives of Americans and people around the globe. Tens of millions became unemployed and we all had to adjust to a “new normal” under lockdowns. If you want to get tested for COVID-19, you can find a list below of insurance companies with free COVID-19 tests.
Testing is available in all 50 states according to the CDC. And the good news is that if you have health insurance, the chances are good that your plan covers testing. The government's multi trillion dollar stimulus packages require the insurance industry to provide first-dollar coverage for testing, emergency care, and COVID-19 vaccines.
It's possible your health provider may recommend you stay at home and self-quarantine without testing if you suspect you have coronavirus and your symptoms are mild.
But it is always best to call your doctor and health insurance company to get their latest recommendations, coverage information, and instructions. There continue to be new developments and studies, so stay abreast of the latest news and public health recommendations.
Related: Here's helpful Financial Advice For Families During A Coronavirus Pandemic
Major Insurance Companies With Free COVID-19 Tests
Most of Aetna's plans waive the copay for coronavirus testing for patients who meet the CDC guidelines. They also have no-copay virtual visits for any reason. Prescription holders are also able to get their prescriptions 90 days early and home delivery fees are waived.
Aetna has also announced policyholders who get with coronavirus can receive a care package with over-the-counter medication, home remedies and cleaning supplies to disinfect your home.
Anthem announced they will cover coronavirus testing, with zero out-of-pocket costs. Depending on your plan you may still have to pay out-of-pocket costs for any other health expenses related to the virus.
Blue Cross Blue Shield
Blue Cross Blue Shield and its network of 36 companies are waiving costs for testing associated with the coronavirus as well as prescription refill limits for most of their plans. Access to virtual visits are also expanding.
Most Cigna plans are waiving copays and cost-shares for coronavirus testings. People who are in need of help for COVID-19 related issues are also able to access support 24/7.
Medicare Part B
If you have Medicare Part B and your doctor or other health care provider orders a coronavirus test for you, Medicare will cover the cost (for tests starting 2/4/20 and later)
Health insurance provider Oscar is waiving cost-sharing for diagnostic coronavirus testing. They also offer free telemedicine services, which has really gained popularity due to the pandemic.
Patients on most UHC plans who meet CDC guidelines are able to get waived copays, coinsurance, deductibles and cost-shares for COVID-19 testing.
COVID-19 Is An Evolving Pandemic
If your insurance provider isn't listed above, and to check for the latest information on coverage and testing, it best to contact your provider directly.
For the latest updates on the coronavirus from the Centers for Disease Control, access their COVID-19 coronavirus learning center.
Here are even more additional resources and interesting articles regarding the novel coronavirus:
- Learn how to get healthcare subsidies even if you are a multi-millionaire.
- If you are a small business owner, please apply to the Paychecks Protection Program. It is the best stimulus and rescue program I've ever seen.
- For those of you who have been laid off due to the coronavirus, learn how to get enhanced unemployment benefits.
- If you're worried about emergency care and complications from COVID-19, the learn whether life insurance companies cover people who get coronavirus.
- It can be hard not to feel panicked, but please try to think about the positives. Here are the benefits of a coronavirus-induced stock market meltdown.
- If you're wonder where the stock market bottom is, here is a detailed and logical analysis I have done on the topic.
Protect Your Family With Life Insurance
Although the chances of dying from COVID-19 are very low, there's still a lot we still don't know. But we are learning more every day about the coronavirus, and tons of other viruses and diseases for that matter.
Our main goal is to live as long, healthy, and happy a life as possible. COVID-19 really threw us a curve ball, but we are going to get through it.
Life insurance is a wonderful way to protect your loved ones should anything happen to you. And it can help you sleep a lot easier at night knowing you have a policy in place.
Even if you don’t have a mortgage or any dependents right now, that could very well change in your future. Take advantage of cheaper premiums while you are young and healthy if you can. Locking in good rates now can save you a lot of money in the long run, especially if you plan to start a family and own property down the road.
Thanks to technology, it’s easier than ever to compare all different types of life insurance policies across the best carriers. The most efficient and free way to get competitive life insurance quotes is to check online for free with PolicyGenius. They are the #1 life insurance marketplace where qualified lenders compete for your business.
You can quickly search for policies across multiple carriers through PolicyGenius’s online portal for free. I’ve know the founders of PolicyGenius for years and they have truly build a fantastic resource for individuals.
Here are some additional articles for further reading.
- A Pre-Mortem Financial Checklist To Prepare For Bad Times
- Types Of Government Support During The Coronavirus Pandemic
- Coronavirus San Francisco Housing Market: What Is The Impact?
- Easy Ways To Access Cash During A COVID-19 Pandemic
About the Author: Sam worked in finance for 13 years. He received his undergraduate degree in Economics from The College of William & Mary and got his MBA from UC Berkeley. In 2012, Sam was able to retire at the age of 34. This was largely due to his investments that now generate roughly $250,000 a year in passive income. He spends time playing tennis, taking care of his family, and writing online to help others achieve financial freedom too.
Sam started Financial Samurai in 2009. And has grown it to be one of the largest independently owned personal finance sites in the world. You can sign up for his free private newsletter here.