(Image Source: IStockPhoto.com)

 

BY MEREDITH BALDWIN

ANCHOR CARISSA LOETHEN

 

$127 bucks. That’s how much could be coming back in your pocket from your health plan. The Kaiser Family Foundation did an analysis of state data — and found that almost one third of people who bought their own insurance last year will get the rebate. Bottom Line explains the catch:

 

“The percentage of consumers and businesses in line for rebates varies widely by state. In Texas, for example, 92 percent of consumers who purchased individual policies are expected to get rebates because insurers spent too little of their premium dollars on medical care.”

 

Not everyone will get the same amount back. And in some states, such as Hawaii and Maine, insurers were right on the money, which means no rebate at all. Here’s what a spokesman for America’s Health Insurance Plans had to say:

 

"Given that health care costs are inherently unpredictable, it's not surprising that some plans will be paying rebates to policyholders in certain markets."

 

So when will you see a check? Well, you may not. Here’s CNN Money with what’s next:

 

“Most likely, they will receive a check in the mail, although the rebate could be issued as a discount on future premiums. Actual amounts will vary by insurer, by state and the extent to which the insurer fell below the threshold.”

 

Actual rebates will be issued after insurance companies submit their reports to the federal government sometime this summer. As for where the rebate requirement stands in the future - well, that’s a decision the Supreme Court will have to make.

 

 

Study Shows Health Care Rebate Could Top $1 Billion

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Apr 26, 2012

Study Shows Health Care Rebate Could Top $1 Billion

 

(Image Source: IStockPhoto.com)

 

BY MEREDITH BALDWIN

ANCHOR CARISSA LOETHEN

 

$127 bucks. That’s how much could be coming back in your pocket from your health plan. The Kaiser Family Foundation did an analysis of state data — and found that almost one third of people who bought their own insurance last year will get the rebate. Bottom Line explains the catch:

 

“The percentage of consumers and businesses in line for rebates varies widely by state. In Texas, for example, 92 percent of consumers who purchased individual policies are expected to get rebates because insurers spent too little of their premium dollars on medical care.”

 

Not everyone will get the same amount back. And in some states, such as Hawaii and Maine, insurers were right on the money, which means no rebate at all. Here’s what a spokesman for America’s Health Insurance Plans had to say:

 

"Given that health care costs are inherently unpredictable, it's not surprising that some plans will be paying rebates to policyholders in certain markets."

 

So when will you see a check? Well, you may not. Here’s CNN Money with what’s next:

 

“Most likely, they will receive a check in the mail, although the rebate could be issued as a discount on future premiums. Actual amounts will vary by insurer, by state and the extent to which the insurer fell below the threshold.”

 

Actual rebates will be issued after insurance companies submit their reports to the federal government sometime this summer. As for where the rebate requirement stands in the future - well, that’s a decision the Supreme Court will have to make.

 

 

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