ACA Rebates: What They Are and How You Can Benefit
Health insurers recently refunded $2 billion to 2020 enrollees. This is a significant amount of money, and it’s important to understand what these rebates are and how you can benefit from them.
What are ACA rebates?
ACA rebates, also known as Medical Loss Ratio (MLR) rebates, are refunds that health insurance companies are required to give to their enrollees if they spend less than a certain amount of their premium revenue on medical claims and quality improvements. The Affordable Care Act (ACA) requires insurers to spend at least 80% of their premium revenue on medical claims and quality improvements, which ensures that the money you pay for health insurance is being used to provide the healthcare services you need.
How can I benefit from ACA rebates?
If you are an ACA enrollee, you may be eligible for a rebate. To find out if you are eligible, contact your health insurance company. If you are eligible, the rebate will be applied to your health insurance premiums.
What if I don’t receive an ACA rebate?
If you are eligible for an ACA rebate but do not receive one, you should contact your health insurance company. They can help you get the rebate you are owed.
How can I get help with ACA rebates?
If you need help with ACA rebates, you can contact a licensed health insurance agent or [go to HealthCare.gov](https://www.healthcare.gov/).
Additional information about ACA rebates
Rebates are not taxable income.
Rebates are not available to everyone.
Rebates are not a guarantee.
If you have any questions about ACA rebates, please contact a licensed health insurance agent or [go to HealthCare.gov](https://www.healthcare.gov/).
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