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Author Topic: Heath Insurance Premium Credits  (Read 1139 times)

Offline cgr

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Heath Insurance Premium Credits
« on: May 07, 2020, 01:46:01 PM »
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Offline avromie7

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Re: Heath Insurance Premium Credits
« Reply #1 on: May 07, 2020, 01:57:00 PM »
Meh.

It's all heavily regulated, they need to pay out a minimum of 85% of all premiums as claims, if they don'tthey need to refund the difference. If they don't give back now they'll need to refund at the end of the year.
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I wonder what people who type "u" instead of "you" do with all their free time.

Offline cgr

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Re: Heath Insurance Premium Credits
« Reply #2 on: May 07, 2020, 02:12:44 PM »
Quote from: avromie7 on May 07, 2020, 01:57:00 PM
Meh.

It's all heavily regulated, they need to pay out a minimum of 85% of all premiums as claims, if they don'tthey need to refund the difference. If they don't give back now they'll need to refund at the end of the year.

Did you ever receive a credit from your carrier before? I actually reached out to mine a few months back asking them if I'll see one and they basically told me that I don't understand how these credits work (how is that ever an explanation for anything?) and not to expect anything...
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Offline avromie7

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Re: Heath Insurance Premium Credits
« Reply #3 on: May 07, 2020, 02:16:05 PM »
Quote from: cgr on May 07, 2020, 02:12:44 PM
Did you ever receive a credit from your carrier before? I actually reached out to mine a few months back asking them if I'll see one and they basically told me that I don't understand how these credits work (how is that ever an explanation for anything?) and not to expect anything...
I'm on a company plan, we have gotten money back from UHC
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Offline ari3

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Re: Heath Insurance Premium Credits
« Reply #4 on: May 07, 2020, 02:51:36 PM »
Quote from: cgr on May 07, 2020, 02:12:44 PM
Did you ever receive a credit from your carrier before? I actually reached out to mine a few months back asking them if I'll see one and they basically told me that I don't understand how these credits work (how is that ever an explanation for anything?) and not to expect anything...
I actually  received a check from my insurance for a few hundred dollars appx 2 years ago and It wasn't the only time.
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Offline cgr

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Re: Heath Insurance Premium Credits
« Reply #5 on: May 07, 2020, 02:58:55 PM »
Quote from: ari3 on May 07, 2020, 02:51:36 PM
I actually  received a check from my insurance for a few hundred dollars appx 2 years ago and It wasn't the only time.

Wow. So I'm the one missing out here...
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Offline Fat albert

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Re: Heath Insurance Premium Credits
« Reply #6 on: May 07, 2020, 03:20:27 PM »
Quote from: cgr on May 07, 2020, 02:58:55 PM
Wow. So I'm the one missing out here...
I have received as well
 
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Offline cgr

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Re: Heath Insurance Premium Credits
« Reply #7 on: May 11, 2020, 03:03:23 PM »
Quote from: ari3 on May 07, 2020, 02:51:36 PM
I actually  received a check from my insurance for a few hundred dollars appx 2 years ago and It wasn't the only time.

Quote from: Fat albert on May 07, 2020, 03:20:27 PM
I have received as well

Looks like the reason I never received one is because my plan is administered via a PEO.
They just responded that "The rebates are given to XXXXX for the cost of administering the plan."
Anyone with PEO experience know if I can contest this?
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