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You are here: Home / Health / Medicine / Health insurance rebates top $10.4 million

Health insurance rebates top $10.4 million

June 21, 2012 By Andrew Beckett

Nearly 283,000 Wisconsin residents stand to benefit from health insurance rebates that are required under federal health care reforms. The Department of Health and Human Services says nearly $10.4 million dollars in rebates will be issued to Wisconsinites by insurance companies this summer, as part of the 80-20 requirement under the Affordable Care Act.

The rule requires companies to spend at least 80-percent of premium dollars on medical care and quality improvements, or to refund the difference.

Rebates will average $76 for the 137,000 Wisconsin families covered by a policy. They will be seen through either a check in the mail, a reimbursement to the account used to pay premiums, a reduction in future premiums, or through an employer providing coverage.

Rebates must be issued no later than August First.

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Filed Under: Health / Medicine, News



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