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.



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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