The checks will be sent to nearly 155,000 customers who bought individual policies in 2015 either through the company or through the Obamacare marketplace.
"When we succeed at controlling costs, our members benefit not just through lower out-of-pocket costs, but through reduced premiums and rebates like this," said
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Horizon has said it is collaborating more closely with doctors and hospitals by sharing data, trying to encourage consumers to live healthier lives and lower health care costs. There are signs it is paying off. The company in September said the strategy prevented 3,500 emergency room visits and 400 in-patient hospital stays, saving a combined
Meanwhile, it introduced Omnia, a health insurance plan that offers consumers lower out-of-pocket costs if they visit doctors and hospitals in their preferred network. As part of the plan, the insurer is working more closely with RWJ Barnabas, whose hospitals include
The Patient Protection and Affordable Care Act's open enrollment for 2017 is underway, even though President-elect
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The rebates are the result of state law that requires health insurance companies to spend at least 80 percent of premium dollars on claims.
In addition to individuals, Horizon said it is sending another
Horizon's average rebate last year for consumers with individual policies was
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