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$10.5M in health insurance rebates heading to Wisconsin

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Insurance graphic (properly sized)
Insurance graphic (properly sized)

MADISON, WI (WTAQ) - Wisconsinites and their bosses will share almost $10.5 million in rebates from their health insurance companies.

The U.S. Health and Human Services Department said Thursday almost 283,000 state residents should either get refunds or lower premiums – because their insurers did not spend at least 80 percent of their premium revenues on actual care.

That was a requirement under the Democrats’ health care reform act passed a couple years ago.

For larger group plans, insurers must spend at least 85 percent of premiums on either direct care or quality improvement projects.

The average rebate in Wisconsin is $76 per person, to be given to companies that insure employees, as well as individuals that buy their own coverage. Wisconsin’s rebate is smaller than the national average of $151.

The number of state residents getting rebates – plus the total statewide amount – are both less than what was estimated in April by the Kaiser Family Foundation. 

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