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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.

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