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You Could Be Getting a Health Care Rebate

August 10, 2012/in Affordable Care Act Tips + Updates/by revel


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Rebate Check

12.8 million Americas will be benefitting from the 80/20 rule

Under the Affordable Care Act, if health insurance companies don’t spend at least 80% of premiums paid on medical care, then they must provide those covered with a rebate. According to healthcare.gov 12.8 million Americas will be benefitting from this in one of the following ways:

  • They will receive a rebate in the mail
  • They will receive a lump-sum reimbursement to the same account that was used to pay the premium
  • They will receive a reduction in future premiums
  • Their employer will apply the rebate in a way that benefits the employee

To learn more read, The 80/20 Rule: Providing Value and Rebates to Millions of Consumers

If you are a small business owner with any questions regarding the best way to apply the rebate in a way that benefits your employees, please contact Mike Farmer.

Mike Farmer
Certified Public Accountant
231.798.6503
mikef@hscompanies.com

 

 

Tags: 80/20 rule, Affordable Care Act, Health Insurance, rebate
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https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png 0 0 revel https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png revel2012-08-10 17:48:352018-03-29 20:42:32You Could Be Getting a Health Care Rebate

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