My health insurance sent me a refund because they didn’t spent the minimum 80% of my premium on health care services that is required by the ACA.

    by themadventure

    14 Comments

    1. I-Am-Disturbed on

      My company is self insured, maybe not every year but often we will get a “bonus” right before Christmas of a week or two worth of wages because of this.

    2. Wait soo if I am not using my insurance I get a refund? I’ve paid over 500 a month for 2 years now for my daughter and I. We have not used it once

    3. I’m guessing they mean other than preventative care/PCP annual visits. Those are usually full covered

    4. I spent a lot of time on my insurance and never used it. Literally like a decade of not using it. I never got shit back.

    5. I had surgery in January which maxed my deductible.

      Since then, I’ve been sick a couple times (upper respiratory infection one time, strep another) and got prescribed steroids and antibiotics. I paid like $4 each time after my insurance covered their part. Apparently my insurance covers prescriptions in full after my deductible is met. They sent me checks for $4 for my prescriptions lol

    6. I got a letter from UHC, my company’s previous carrier (we switched Jan 1st) that my company will be getting a refund because of this law. Apparently they can either pay a bit of our premiums or just issue a check, TBD.

    7. I believe this is down to your insurance company.

      For example, mine is not for profit so they send me a check every once in a while.

    8. Health Insurance, imo, seems more like a scam since Obama made it ILLEGAL to not have it…

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