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Health insurance survey shows most policyholders don’t know about premium rebates
Live Insurance News

According to the results from an eHealthInsurance survey, most people who purchase individual health insurance are unaware of the fact that the Affordable Care Act of 2010 may mean that they will be receiving a partial refund of the premiums that they paid last year for their coverage.

The healthcare reform law requires that insurers send rebates to policyholders if they failed to spend at least 80 percent of their income from premiums on actual medical care. August 1, 2012 represents the deadline by which the first rebates must be sent out.

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