Author: Kelley Filice Jensen
Your daily trip to the mail box just got more interesting, you received a check from your health insurance provider. But, why? What is it, and is it taxable to you? What if you have insurance through your employer, will you get a check, or rebate?
Why are you receiving this check from your health insurance provider?
Many major medical insurance carriers (Anthem Health Insurance, Kaiser Insurance, Blue Shield Health Insurance, to name a few) have begun issuing rebates to affected customers. This rebate is the result of the health insurance provider’s MLR or Medical Loss Ratio calculation.