August 11, 2020

Health Insurance Rebates

In the next few weeks you may be receiving a rebate from your health insurance carrier as required by the Affordable Care Act. The A.C.A. requires insurers to spend at least 85% of their revenues on medical expenses, any amount under that must be returned to their inured customers. If you are an employer and do receive a rebate, you must either return it to your employees who are on your group health plan or use it to lower premium.