State officials say Massachusetts residents and small employers will benefit from $56.8 million in health insurance rebates.
On average, individuals will receive just over $200, while businesses will receive $936 under the rebates. The precise amount will be determined based on the plan and its carrier.
According to state officials, the total rebate amount is $10 million more than what carriers estimated and reported to the Division of Insurance.
Under state law, the rebates reflect a portion of the difference between what insurance providers charged for premiums and what they spent on healthcare costs last year.
Topics Massachusetts Oklahoma
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