While such rebates generally are issued yearly, the 2020 aggregate amount is anticipated to be $2 billion — about twice what it was last year. This is in addition to any reduced premiums, waived copays or other actions taken by some insurers that reduce what policyholders pay out of pocket.
You're more likely to get a rebate if you have an individual policy or participate in a small- or large-group plan.Early estimates by insurers for whether their 2021 premiums will rise or fall have been all over the board.While such paybacks are issued yearly, the 2020 aggregate amount is anticipated to be $2 billion — about twice what it was last year, said Karen Pollitz, a senior fellow with the Kaiser Family Foundation.
"Insurer profitability has been on the rise and as a result it's expected that 2019 rebates could set a record this fall," Pollitz said.Generally, you're more likely to see a rebate if you have an individual policy or participate in a small- or large-group plan. Many of the biggest U.S. employers choose to, which means their plans don't have to adhere to certain requirements placed on insurance companies. Different rules also apply to Medicare and Medicaid coverage.
The average rebate in 2019 was $208, although that figure was wide-ranging from state to state. In Kansas, for instance, each eligible person got an average of $1,359, according to Kaiser research. The average in Delaware was zero.VIDEO
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