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Could Healthcare Refunds be on the Way?

Announcement today that ACA refunds could be coming to individuals and employers

It looks like some good news could be coming associated with the Affordable Care Act. 

Those from the U. S. Department of Health and Human Services announced today that more than 180-thousand in Michigan, who are health insurance customers, could qualify for a refund.

The amount to be divied up, according to reported by the Associated Press, is more than $13 million.

A provision in the health care law stipulates that companies have to spend at least 80% of the premiums they collect on either medical care and/or quality improvements or return the difference to customers and employers.

Individual policyholders owed a rebate will either get a check, a reimbursement to their credit card account or a reduction in future premiums.

Employers can apply for the premium reduction as well or apply for future discounts that would benefit the company or its workers.

No word yet on when those rebates could be coming.

Join Jo Anne Paul and Steve Gruber weekdays from 5:30 to 9 AM on 1240 WJIM-AM and the Stations of the Michigan Talk Network.  Join the discussion by calling our hotline at (888) 900-9966!

 

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