Health Plans Pass Tax Reform Savings On To Consumers

by AHIP

March 5, 2018

Now that tax reform has been passed by Congress, health insurance providers are taking the savings and sharing them with the hardworking taxpayers they serve. The savings from corporate tax reform will be passed through in many ways, from wage increases for employees to rebates and innovative services for policyholders.

Here’s how some health insurance providers across the country plan to invest their federal tax savings back into their communities and workforces:

Aflac will expand employee benefits and training programs and strengthen the company’s 22-year commitment to childhood cancer initiatives.

Anthem will develop consumer-facing digital and mobile technologies to make it easier for people to access the information or care they need.

Blue Cross and Blue Shield of North Carolina will help its members navigate the health care system through new technologies and provide employee bonuses.

Cigna will accelerate investments in employees, capabilities and customers, clients, partners, and communities.

CVS Health will make improvements in employee wages and benefits.

Horizon Blue Cross Blue Shield of New Jersey will offer families in underserved communities greater access to mental health services, as well as improvements in health care quality and lower costs.

Health Care Service Corporation will drive meaningful change for its members by focusing resources on collaborative care, financial security, and healthy communities.

These efforts signal the health insurance community’s continued mission to ensure individuals, families, and employers have greater affordability and better value.