Friday, June 3, 2022

Why Your Health Insurer May Send a Big Check Soon

Woman with an insurance form and money
Photo_imagery / Shutterstock.com

Consumers can expect around $1 billion in health insurance refunds this fall, according to a newly released analysis of data by the Kaiser Family Foundation. Such rebate payments are a result of a provision in the Affordable Care Act of 2010 that requires private insurance companies to spend a large percentage of premium money on patient care. It's not the usual blah, blah, blah.



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