Consumers to get $1 billion in health insurance rebates
Posted: Jun 22, 2012 10:46 AM EST | Updated: Nov 6, 2014 2:55 AM EST
Soon you could be getting some money back from your health insurance company.
The Department of Health and Human Services said insurers will be handing back $1 billion to more than 12 million customers this summer.
On average, each family is expected to get around $150. The rebates are a part of the 2010 health reform law.
It requires insurers to reimburse policy holders if they use your premiums to boost company profits instead of paying for medical care.
