got a check from your health carrier ?
Anthem Blue Cross, Blue Shield and Kaiser are to distribute more than $50 million in rebates across some 1 million California customers. Anthem owes nearly $40 million, Blue Shield about $11 million and Nonprofit Kaiser about $280,000 statewide. They must pay these rebates by Aug. 1.
The rebates are as part of the 2010 Affordable Care Act to ensure that companies aren’t raising rates to pay more for executive salaries, shareholder dividends or other expenses unrelated to customers’ care. Under the federal lawand state rules, insurers must spend at least 80% of premiums on medical care when dealing with individual and small-group policies while 85% with larger employers.
Not all policyholders will get rebates and the amounts will vary. For example, having total about 3.6 million customers, Anthem is going to rebate back to 323,585 employees and family members from 38,175 small businesses and to 407,429 individual customers