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Under the health care law, nearly 13 million Americans are expected to benefit from $1.1 billion in rebates from insurance companies due by Aug. 1, 2012, because of the 80/20 rule. All insurance companies for the first time will send their policyholders a letter informing them of the rule and whether the insurer met the standard. Those that do not meet the 80/20 rule standard will inform consumers that they will receive a rebate.
Want to know whether your health insurance company is required to provide a rebate? On HealthCare.gov, we launched a new tool that will allow you to enter your state and health insurance company information and see the average rebate your insurer is required to pay. Read More >>
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