About Amy Umble: Amy Umble is a reporter for The Free Lance-Star. You can email her at email@example.com.
$9 million in insurance rebates heading to Virginia
Virginia consumers will receive about $9 million from insurance companies in rebates linked to part of the Affordable Care Act.
About 105,000 consumers will receive rebates, and the average family will get $148, Health and Human Services Secretary Sylvia M. Burwell said this morning.
The rebates come through the 80/20 provision in act, which requires insurance companies to refund consumers if the company spends less than 80 percent of premium dollars on patient care.
Consumers will receive rebates in one of the following ways:
- a refund check in the mail;
- a lump-sum reimbursement to the same account that they used to pay the premium if by credit card or debit card;
- a reduction in their future premiums; or
- their employer using refunds to improve their health coverage.
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