Many major health insurance carriers have waived cost-sharing fees for telehealth visits related to Covid-19, but these waivers soon end for some plans.
Original Source: cnbc.com
This story was delivered to Business Insider Intelligence Banking Briefing subscribers earlier this morning.
To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here.
Big banks in the US (defined in this case as those with more than $1 billion in assets) charged customers a total of $11.68 billion in overdraft fees last year, according to data from the Center for Responsible Lending cited by The New York Times.
Business Insider Intelligence
Vulnerable customers were hit the hardest: Just 9% of account holders paid for a whopping 84% of those overdraft fees, and those customers tended to have low balances already, averaging less than $350. The Center for Responsible Lending opined that banks should stop overdraft fees for the duration of the pandemic.See the rest of the story at Business Insider
Smart home insurtech Hippo is acquiring Spinnaker InsuranceThe best cordless drillsThe best coffee grinders
Original Source: feedproxy.google.com