Private Insurers Are Expected to Pay Record of At Least $1.3 Billion in Rebates to Consumers Beginning in September
Private insurance companies are expecting to pay out a record of at least
Individual market insurers are driving this record year, with expected rebate payments of at least
The analysis also finds that millions of dollars in rebates from previous years have gone unclaimed by consumers --
By law, insurers must begin issuing the latest rebates to eligible consumers by
Rebates will vary by state. The states with the largest expected rebates in total include
In the individual market alone, insurers will pay out the highest rebates in
Rebates also will vary by insurer. Other insurers issuing large rebates across the individual market include
Insurers may issue the rebates in the form of a check to consumers or as a credit applied to the premiums consumers must pay. For people with employer coverage, the rebate may be shared between the employer and employee.
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