Original source: https://www.kff.org/private-insurance/press-release/individual-market-insurers-are-expecting-to-pay-a-record-800-million-in-rebates-to-consumers-for-excessive-premiums-in-2018/
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Kaiser Family Foundation (05/08/19) Lee, Chris
A Kaiser Family Foundation analysis of insurer-reported monetary information, such as information from the National Association of Insurance Commissioners, reveals that human market insurers expect to return to consumers a list total of roughly $800 million in surplus premiums for 2018annually in which the insurance companies posted their greatest annual financial performance below the Affordable Care Act (ACA) to date. The rebates to more than 3 million eligible individual market customers must be issued by Sept. 30. They’re the result of the insurance companies not meeting the ACA loss ratio threshold, which requires insurance companies to invest at least 80 percent of premium revenues on quality improvement actions or health-care asserts. Whereas individual claims grew only 7 percent to $392 premiums per enrollee from the market grew 26 percent from 2017 to $559 in 2018 . Related Story: Modern Healthcare (registration)… Read More
Thanks for reading! And please call us if you need some help when dealing with your insurance broker. NO claim, NO fee!
Original source: https://www.kff.org/private-insurance/press-release/individual-market-insurers-are-expecting-to-pay-a-record-800-million-in-rebates-to-consumers-for-excessive-premiums-in-2018/
I access the web effortlessly to guide you to understand to the idea of having a Property Damage Adjustment Consultant there to assist you. Read this web post we located.
Kaiser Family Foundation (05/08/19) Lee, Chris
A Kaiser Family Foundation analysis of insurer-reported monetary information, such as information from the National Association of Insurance Commissioners, reveals that human market insurers expect to return to consumers a list total of roughly $800 million in surplus premiums for 2018annually in which the insurance companies posted their greatest annual financial performance below the Affordable Care Act (ACA) to date. The rebates to more than 3 million eligible individual market customers must be issued by Sept. 30. They’re the result of the insurance companies not meeting the ACA loss ratio threshold, which requires insurance companies to invest at least 80 percent of premium revenues on quality improvement actions or health-care asserts. Whereas individual claims grew only 7 percent to $392 premiums per enrollee from the market grew 26 percent from 2017 to $559 in 2018 . Related Story: Modern Healthcare (registration)… Read More
Thanks for reading! And please call us if you need some help when dealing with your insurance broker. NO claim, NO fee!