Live Insurance News

Minnesota health insurance companies issue $8.9 million in rebates

August 8, 2012August 7, 2012 S.Vagus

Consumers to receive $8.9 million in rebates this summer Minnesota health insurance consumers are expected to receive some $8.9 million in rebates this summer, according to state officials. Senator Al Franken held a press conference on August 6 to provide information on the rebates and why they were significantly lower than what Minnesota health insurance companies had anticipated. Earlier this year, insurers predicted that consumers would receive some $14.6 million in rebates due to the medical loss ratio provision of the Affordable Care Act. Minnesota health insurance companies may have…

Health care reforms get a boost in popularity from insurance rebates

August 3, 2012August 3, 2012 Julie Campbell

The checks are being received and people are seeing the positive side of Obamacare. Now that some of the cost saving elements of the Affordable Care Act have been put into place and are being received by individuals, families, and small businesses, the popularity of the health care reforms is rapidly climbing. Many people are starting to feel that insurers are now being forced into fairness. The reason is that part of the health care reforms require insurance companies to spend 80 percent of the money they collect in premiums…

California health insurance rebate checks to be mailed out next week

July 27, 2012April 30, 2013

Many policyholders in the state will be receiving money back due to the Affordable Care Act. President Obama’s overhaul of the medical care system will be providing many California health insurance policyholders with rebate checks, starting next week, as their insurers pay them back for failing to spend their earnings according to the new law’s requirements. Approximately 1.8 million people in the state will be receiving money back. These rebates will be either in the form of a reduction in their monthly premiums, or in the form of a check…

Ohio health insurance refunds will come to $11.3 million

July 22, 2012July 22, 2012 Nordstrom

The rebates will be sent out to families in checks averaging $139 per family. This summer the Ohio health insurance rebates will be sending over 81,000 families throughout the state a total of $11.3 million. These refunds are a part of a nationwide repayment of $1.1 billion. On average, the rebate checks that will be received will be $139 for individuals and families with Ohio health insurance. However, some of the 81,500 families who will be receiving the payments will receive much more than that. In fact, the larger payments…

Insurance rebates coming to Massachusetts consumers

June 28, 2012April 30, 2013

Division of Insurance announces rebates for consumers and businesses Massachusetts insurance regulators have announced that many of the state’s citizens can expect to receive rebates on their insurance coverage. Insurance Commissioner Joseph Murphy notes that the rebates are coming from five of the state’s largest insurance companies. Insurance rebates will be issues to approximately 50,000 individual policyholders and another 50,000 businesses throughout the state. The insurance rebates total $56.8 million. Insurance rebates connected to 2010 law The Massachusetts Division of Insurance notes that the insurance rebates are $10 million higher…