LAWRENCE, Kan. (AP) — Nearly 60,000 Kansans will share more than $3.6 million in insurance reimbursements under a provision of the Affordable Care Act.
The U.S. Department of Health and Human Services announced in a statement Wednesday that the provision requires insurance companies to spend at least 80 percent of premium dollars on patient care and quality improvement. If more than 20 percent of that money goes to profits and administration, the companies have to reimburse their customers.
The department says the 59,966 Kansans who bought insurance on the individual or small or large group markets in 2013 will receive the reimbursements.
They money will be returned through a mailed check; a reimbursement to the electronic card used to pay the premium; lower future premiums, or by employers reinvesting the money in health coverage.