"People Love to Give Me Money" - Obamacare Makes Insurers Pay Refunds

"People love to give me money," is an affirmation I picked up from Chellie Campbell author of The Wealthy Spirit, that I LOVE saying whenever I get unexpected money. I just received a check for $120.00 as a refund through Obamacare.

How? Here's the scoop:  Thank Obama for helping insurance companies be more accountable to us and the dollars they spend. The Affordable Care Act requires Blue Shield (& I imagine every other insurer) to spend at least 80% of the premiums it receives on health care services, not adminiatration or advertising. Since Blue Cross didn't, it refunded 2% of our premium which for me amounted to $120.00. Not a lot, but it went right in the bank for the vacation we just took to San Diego. Yes to vacations!!

"This 80/20 Rule of the Affordable Care Act is intended to ensure that consumers get value for their health care dollars. You can go to: http://www.healthcare.gov/law/features/costs/value-for-premium/index.html  for more info.

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Comments

[Coach Donna L. Ward]

So nice to see your fun post here - thank you for sending more over from LinkedIn! Nice looking blog!!
I look forward to hearing more from you! Big smiles, :) Coach Donna L. Ward