For important information and updates on COVID-19, please click here.

New Study Reveals Hospitalization Costs for COVID-19

July 16, 2020

According to a new study from FAIR Health, nationally, the median charge amount (the amount for people without insurance or who went out-of-network) for COVID-19 inpatient care was $45,683 for people aged 51 to 60 and $34,662 for those in the 23 to 30 age bracket. Nationally, people aged 51 to 60 were charged the most, according to this study. The highest average allowed amount paid to the provider under an insurance plan was $24,012 for people aged 51 to 60 and, at its lowest, $17,094 for people above age 70. The study by FAIR Health examined private insurance claims associated with COVID-19 diagnoses from the beginning of the year through mid-May. It also analyzed data related to location of care and patient comorbidities. According to the report:

  • The average cost of a hospital stay for COVID-19 treatment can greatly vary depending on age;
  • Most people also got their COVID-19 diagnosis from a traditional doctor’s office. A third of patients diagnosed with COVID-19 found out this way;
  • Chronic kidney disease or kidney failure was found to be the most common comorbidity with 13% of hospitalized patients; and
  • The other top diseases were Type 2 diabetes and hypertension with 10% and 7%, respectively.

The full report is available here.

Click here for a printable download.

NOTE: THE RESOURCES PROVIDED ON THIS PAGE SHOULD NOT BE INTERPRETED AS LEGAL ADVICE. IF YOU HAVE ANY QUESTIONS, PLEASE CONSULT YOUR LEGAL COUNSEL
FILED UNDER:

Employee Benefits