New Health Care Law Could Have 9,000 Minnesotans Receiving Rebate Checks
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MINNEAPOLIS (WCCO) – Some 9,000 Minnesotans could be in line for health insurance rebate checks now going out as part of the new federal health care law.
Minnesota Sen. Al Franken authored the provision in the health care bill that requires insurance companies to spend at least 80 percent of premiums on health care.
If they don’t, the difference must be sent back to customers.
One Minneapolis church says it got back $25,000 last year.
“The cost of 25 percent of our overhead goes to health care, but in the last two years we have been the recipient of almost $25,000 in rebates, which is very significant when you think of the number of people we can feed with that amount of money,” said Sally Cunningham of St. Mark’s Episcopal Cathedral.
The number of recipients is a fraction of the 123,000 who got checks last year.
Minnesota Commerce Commissioner Mike Rothman says those receiving rebates this year have policies with Preferred One and Connecticut General.