Obamacare health insurance rebates?

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  • Obamacare health insurance rebates?


Answer #1 | 18/12 2013 19:25
no rebate for you. You could have used the insurance, e.g. for annual physical exam.
Answer #2 | 18/12 2013 19:44
It is irrelevant that you did not use the insurance. The 80/20 rule applies to the insurance company as a whole, not to individual policy holders. It just means that if the insurance company collected 1,000,000 in premiums it can only spend 200,000 on administrative costs. 800,000 would have to be spent on actual patient care.
Answer #3 | 18/12 2013 19:52
You dont understand what the rebates were last year. Some adult people received a refund of some of what they paid in insurance premiums when the government discovered that their insurance company had not spent 80% of the premiums on actual health care claims. I dont know if the government will do that again. It depends if they discover insurance companies are not following the law again. The other point which is separate from your question is that everyone who has paid insurance HAS used their insurance. Even if you dont put a claim in for payment for seeing a doctor, the insurance was there to cover you in case you needed it. THAT is called using insurance.

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