Insurers Owe Refunds in Ohio, West Virginia

By: The Associated Press Email
By: The Associated Press Email

(AP) - Federal officials say Ohioans and West Virginians will benefit from refunds from insurance companies because of a provision in President Barack Obama's health care law.

35,000 Ohioans will benefit from more than $1.2 million in refunds.

More than $900,000 in refunds from insurance companies are headed to 8,300 consumers in West Virginia.

The law requires insurance companies to spend at least 80 percent of the premiums they collect on medical care and quality improvement, or return the difference to consumers and employers.

People could see the money come back in one of several ways.

Employers can apply rebates in a way that benefits workers or take a discount on future premiums. Individual policyholders owed a rebate will either get a check, a reimbursement to their credit or debit card account or see a reduction in future premiums.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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