Workers And Businesses Are Paying More To Get Unvaccinated In America Because Of Rising Costs

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J.P. Morgan, Bank of America and other giant employers have told their U.S. workers that they can expect to receive more pay or fewer perks through company wellbeing programs – if they do not provide proof of vaccination.

If an employee wants to be covered as a dependent under a health plan, some companies charge a premium surcharge.

Reuters reported that insurers will continue to monitor COVID mortality risks and adjust premiums accordingly after they were hit with $5.5 billion more than expected in claims over the first nine months of 2021.

When customers apply for coverage, life insurance companies can check whether they have been vaccinated or not. The U.S. The Affordable Care Act in the United States allows individuals to apply for health insurance. They can’t be denied coverage for pre-existing conditions such as COVID or for being unvaccinated. Companies that cover part of the employees’ healthcare costs may pass higher costs on to employees who are not vaccinated.

Delta Airlines announced last year that it would charge $200 per month more for employees who don’t vaccinate to get health insurance. According to Delta Airlines, the additional cost was due to the increased risk of COVID hospitalization in these employees. They also noted that COVID hospitalizations have cost an average of $50,000 per employee.

Students at universities can also face financial penalties for opting out. There are at least 500 colleges in the United States that have mandated vaccines. Some bars students from enrolling or require them to attend school in person if they don’t comply. Others may also require them to submit to frequent COVID testing.

Cait Corrigan stated that she enrolled this year in a master’s degree program in theology at Boston University and was awarded an academic scholarship. Corrigan, who led public activism against vaccine mandates has said that she was granted a religious exemption from the school’s vaccination mandate. However, the school required her to take regular nasal swab testing to be able to attend. Corrigan stated that she refused to take nasal tests for “medical reasons”.