The highest rebates are estimated to be paid in the individual market, where the best guess is that 31% of insurance consumers nationally will be getting a yearly rebate of about $127 per person. In the small group market, about 28% of groups will be eligible for a rebate, with the average amount going to employers expected to be $21 per enrollee.
In the large group market, 17% of fully-insured large groups are sharing an estimate of $541 million in rebates.
That translates to an average of $14 per enrollee over a year’s time. Given that the average cost of employer-provided family health insurance is now about $13,000 per year, it’s doubtful that many people will find $14 to be a real savings.
Also, because many will receive a premium credit from the insurance carrier instead of a rebate check the impact will be minimal if not downright negligible.
The disruption of coverage’s, loss of agent services and higher premiums translate have tended to make a bigger impact than what we will see with the rebates.
IDAHO INSURANCE AGENCY
Paul King and Charlotte Hildebrandt
1650 Albright Ln #101
Boise, Idaho 83709