Under the Affordable Care Insurance carriers can only keep a certain amount for profit. This results in reconciling their profits and rebating to the consumer if they are over the allowable amount.
Nationally the rebates will average $49 totaling $332,000,000.00 for 6.8 million insured. Not all will receive a rebate check and amounts will vary. It will be determined by reconciliation of each carriers premiums received and claims paid out. The rebates occur when an insurance carrier fails to spend 80 percent of premiums received on medical care. Each year it is projected the rebate checks will get smaller and fewer will be receiving them.