LEWISTON — Maine Community Health Options, the state’s only health insurance co-op, is issuing more than $3.3 million to individuals and families who were policyholders last year.
Rebates will equal 2.1 percent of total health insurance premiums paid for the year. Amounts will vary, but the average rebate will be $87.
The Affordable Care Act, often called Obamacare, requires that insurers provide rebates when they don’t spend at least 80 percent of insurance premiums on medical care.
Community Health Options leaders said they received more money than expected from a federal reinsurance program, which helps pay part of the costs for members with very high medical expenses. That extra federal money meant the co-op didn’t have to spend so much of its money on medical care, dropping it below the 80 percent threshold.
Rebates were sent last weekend.
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