Health insurers returning $25M in rebates to Kansans
A private insurer’s 2018 premiums in Kansas ran too high - at least compared to the medical bills it had to pay for customers that year.
That means thousands of Kansans get money back this fall because they got overcharged last year.
Sunflower, a subsidiary of Centene, ran afoul of rules in the Affordable Care Act, or Obamacare. That forced rebates of more than $25 million to nearly 19,000 customers who bought Ambetter individual health plans. Total rebates are $27.2 million from all insurers.
Sunflower is looking to cut premiums for 2020 by more than 8%.
In past years, Kansas rebates under the ACA never topped $5.5 million. But this year it leads the nation. Sunflower’s hefty refund puts the average rebate in the state at more than $1,000 - seven times the national average.
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