Bulletin 2020 18 Waivor of Cost sharing for COVID 19 Vaccinations
Office of the entcanett Governor Division of Banking, Insurance and Financial Regulation #5049 Kongens Gade, Charlotte Amalie, St. Thomas, USVI 00802-6487 @ (340) 774-7166 @ Fax (340) 774-9458 1131 Kang Street, Suite 101, Chnistiansted, St. Croix, USVI 00820 @ (340) 773-6459 @ Fax (340) 719-3801 Itg.gov.vi BULLETIN 2020- 18 TO: All Health Insurance Companies Licensed and Authorized to Offer Health Insurance Benefits in the U.S. Virgin Islands FROM: Tregenza A. Roach, Esq., Lieutenant Governor and Commissioner of Insurance RE: Advisory: Waiver of Cost Sharing for COVID-19 VACCINATIONS Pursuant to Title 22, Chapter 3, Section 53(a) of the Virgin Islands Code, “The Commissioner shall have the authority expressly conferred upon him by or reasonably implied from the provisions of this title.” Thus, the Virgin Islands Commissioner of Insurance (“Commissioner”) is invoking his implied emergency powers to ensure that a requirement for cost sharing is not a barrier that prevents the Territory’s consumers from receiving medically necessary healthcare for COVID-19 vaccinations. …
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Office of the entcanett Governor Division of Banking, Insurance and Financial Regulation #5049 Kongens Gade, Charlotte Amalie, St. Thomas, USVI 00802-6487 @ (340) 774-7166 @ Fax (340) 774-9458 1131 Kang Street, Suite 101, Chnistiansted, St. Croix, USVI 00820 @ (340) 773-6459 @ Fax (340) 719-3801 Itg.gov.vi BULLETIN 2020- 18 TO: All Health Insurance Companies Licensed and Authorized to Offer Health Insurance Benefits in the U.S. Virgin Islands FROM: Tregenza A. Roach, Esq., Lieutenant Governor and Commissioner of Insurance RE: Advisory: Waiver of Cost Sharing for COVID-19 VACCINATIONS Pursuant to Title 22, Chapter 3, Section 53(a) of the Virgin Islands Code, “The Commissioner shall have the authority expressly conferred upon him by or reasonably implied from the provisions of this title.” Thus, the Virgin Islands Commissioner of Insurance (“Commissioner”) is invoking his implied emergency powers to ensure that a requirement for cost sharing is not a barrier that prevents the Territory’s consumers from receiving medically necessary healthcare for COVID-19 vaccinations. “Cost sharing” within the confines of this Bulletin, is defined as the share of costs covered by insurance that a consumer pays out of his or her pocket for a COVID-19 vaccination, which generally includes deductibles, coinsurance and co-payments, or similar charges. Henceforth, please be advised of the following Advisory from the Commissioner, relating to the required Waiver of Cost Sharing for COVID-19 Vaccinations: The Coronavirus Aid, Relief and Economic Security (“CARES”) Act requires health insurers and health plans to treat the administration of the COVID-19 vaccine as a preventive service beginning dolyn. ‘0 Please contact Gwendolyn Hall Brady, Division Director or Glendina Matthew, Division Assistant Director/Legal Counsel Glendina.matthew @lgo.vi.gov), should you require additional information. Dated this i 7 day of December 2020 in St. Thomas Virgin Islands. Tre oach, Li Governor/ Commissioner of Insurance