Effects of COVID-19 on 2021 Health Insurance Premiums Registration
Effects of COVID-19 on 2021 Health Insurance Premiums
June 26, 2020 | Noon to 1 p.m. EDT
This year, the COVID-19 pandemic has introduced new uncertainties into the development of premium rates for 2021. A pair of new issue briefs released by the American Academy of Actuaries Drivers of 2021 Health Insurance Premium Changes: The Effects of COVID-19 and Health Insurance Risk Mitigation Mechanisms and COVID-19, highlight these uncertainties, the COVID-19-related factors that will affect 2021 premiums, and whether risk mitigation mechanisms would address the increased uncertainties.
In this online briefing, authors of the issue briefs will walk through the factors actuaries consider in setting premium rates for 2021 and how COVID-19 has affected these factors. They will also discuss the extent to which risk mitigation mechanisms, such as reinsurance and risk corridors, would help address the increased risks that insurers are facing due to COVID-19.
Barbara Klever, MAAA, FSA
Chairperson, Individual and Small Group Markets Committee
Cori Uccello, MAAA, FSA, FCA, MPP
Senior Health Fellow, American Academy of Actuaries
Audrey Halvorson, MAAA, FSA
Vice President, Health Practice Council