New ruling on health care reform rebates for insurance coverage

Michigan health insurance

Medical insurers must now inform policyholders that their checks are from the Obama administration’s changes. New federal guidelines have just been released, informing insurance companies that they must inform their policyholders that health care rebates that they are receiving are the result of the laws put into place by the Obama administration following the overhaul of the system. This is the most recent step being taken by the President to highlight the benefits of the law ahead of the election this fall. This move is being made despite the fact…

Read More

Insurers to disclose information regarding their efforts to improve medical care this year

Last week, the Department of Health and Human Services (HHS) announced that consumers will begin receiving information on how their premiums are being spent this year. The Affordable Care Act requires insurance companies to spend no less than 80% of the money they collect from premiums on improving medical care. The federal law also requires insurers to inform consumers on how this money is being spent and how much has been spent thus far. HHS Secretary Kathleen Sebelius believes that this is a major step toward keeping insurance companies accountable…

Read More