Local News

Health Insurers To Pay $62-Million In Rebates In Illinois

The Obama administration has announced that 300,000 Illinoisans will benefit from nearly $62 million in rebates from insurance companies because of the federal health law that critics have labeled "Obamacare."

The law requires insurance companies to spend at least 80% of the premiums they collect on medical care and quality improvement - or return the difference to consumers and employers by Aug. 1.

The administration says the Illinois rebates will average $380 for the 163,000 families covered by policies not meeting the standard. Some will go to individuals and some to employers, who can apply rebates in a way that benefits workers.

Individual policyholders owed a rebate will either get a check, a reimbursement to their credit card account or see a reduction in future premiums.

Townhall Top of the Hour News

Local Weather - Sponsored By:

CLINTON WEATHER

Local News

DeWittDN on Facebook