Tag: health insurance refund

Health insurance settlement reached by Anthem in Missouri

G. Turner
Missouri Health Insurance

The insurer was accused of having failed to notify its customers that the same coverage was being offered for less. A health insurance company in Missouri has now reached a settlement in which it has agreed to send a total refund of almost $8 million to customers in the St. Louis area in order to compensate them for failing to inform them about identical plans that were being sold at a lower rate. The agreement was reached between Anthem BlueCross BlueShield and officials of the state of Missouri. The actual…

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Florida health insurance news sees individual policy consumers receiving $113 million in insurer rebates

Florida health insurance

Florida health insurance refunds part of health care reform Residents of Florida who have individual health policies (not subsidized by employers) will be happy to hear the latest insurance news that will include a rebate estimated to be worth $143 to $949 (depending on the coverage and policy) starting in August, as a result of the federal healthcare reforms. The rebates will affect approximately 157,000 families and individuals. Furthermore, another $65 million in rebates is also being prepared to provide rebates to workers from among 352,000 small businesses. These insurance…

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A federal report reveals that private insurers are indebted to the Florida government

The state of Florida stands to receive a large sum of money in reimbursement after several private health insurers overstated how much they had spent on patient care. The insurers, who participate in the State Children’s Health Insurance Program, owe state health officials $3.1 million, according to a new federal report from the Department of Health and Human Services. In accordance with the health care reform of last year, insurers are required to spend no less than 85% of the money they collect from premiums on medical services. Any shortfalls…

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