16,000 W.Va. Customers Set to Receive Rebates From Health Insurers

Health insurance companies will give rebates totaling $2.7 million to more than 16,000 customers in West Virginia this year.

The U.S. Department of Health and Human Services says most of the rebates will go people who buy their own health insurance.

People in small group plans will share $400,000 in rebates.

The rebates are for billing customers more than allowed under the new federal health care law. Companies cannot spend more than 20 percent of revenues on administrative costs.

Sen. Jay Rockefeller inserted that provision into the law. He told the Charleston Daily Mail through a spokeswoman that some insurers have raised prices to boost profits instead of paying for medical care.

 

Latest Comments

• August 6, 2012 at 9:14 am

  Jacob S. says:

  Seems like a great plan if insurance companies didn't need to plan for future expenses too. It's just the consumer that sees rising costs right? What a joke this whole debacle... read more
• August 3, 2012 at 12:07 pm

  wvagt says:

  That's $168.00 per customer - pretty insignificant compared to premiums of $1200 - 1500 per month for a family plan. Wait til Obamacare really kicks in - today's premiums wil... read more

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