Reliable Insurance Managers, Inc. Blog: rebates
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Thursday, May 3, 2012Texas employers and consumers are projected to receive the largest combined rebates of any state from health insurers who spent more on administrative expenses (executive salaries, marketing) and profits in 2011 than allowed by the Affordable Care Act. There’s a fact sheet about the “medical loss ratio” on HealthCare. READ MORE >>
Tuesday, January 17, 2012In Texas, some 690,000 consumers may receive approximately $160 million in insurance rebates in August. The money comes as part of the medical loss ratio provision of the Affordable Care Act, which dictates that insurers must pay at least 80% of the money they collect from premiums on medical care and if they cannot meet this standard they must return the money to policyholders. READ MORE >>
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