Hold on to your wallet, fellas...
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Already heard about this from a buddy of mine, who re-upped with his insurance. It's gonna be bad.
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We’re actually getting a refund from our health insurance, since it’s a Maryland Employer plan and they have a law where if spending doesn’t pass a certain threshold then a refund has to be issued. As a company it looks like we will apply the refund to next year’s plan…
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The Affordable Care Act requires that healthcare insurers spend at least 80% of premium on medical care or they would have to refund the excess.
https://www.healthinsurance.org/obamacare/billions-in-aca-rebates-show-80-20-rules-impact/
