Colleen Corrigan
As the coronavirus pandemic spreads throughout the United States and the world, Americans must navigate the complexities of the health care system. This is especially difficult as tens of millions of Americans are newly unemployed — and for many, newly without their employee-sponsored health insurance as a result. ValuePenguin interviewed Life & Health Agent, Colleen Corrigan, to discuss the impact of coronavirus on the delivery of health care and how this could affect health insurance costs.
According to ValuePenguin’s survey, most Americans believe that health insurance costs will go up as a result of the coronavirus pandemic: 55% of survey respondents predict premiums will increase. However, Colleen noted that "telehealth usage is the predominant delivery [method] of care for many primary care physicians and mental health counselors during the pandemic, and it will be interesting to see if this platform of care continues."
If telehealth continues to grow in popularity, it could lead to lower costs for some types of care — especially as the infrastructure improves for remote doctor visits.
Another key issue is how medical usage overall may change as a result of the coronavirus. "Hospital and surgery center usage has shrunk. The loss of income has created a level of financial instability" for medical centers,” Colleen said.
Whether you're newly without health insurance coverage after being furloughed or laid off, or just concerned about the possibility of forthcoming medical bills, you can take steps to stay financially protected during the coronavirus pandemic. Click here to learn more.
Learn more about health insurance options.
Questions about health insurance? Contact Wallace & Turner at (937) 324-8492 in Springfield, (937) 652-8492 in Urbana, or info@wtins.com.