How much you ask? Well, it depends on the insurance plan you selected. Only two insurers in Washington state's individual market didn't meet the new standard (called a medical loss ratio) - Regence Blue Shield of Oregon and Time Insurance Company.
A total of $792,846 in rebates will be disbursed to 9,605 consumers in our state. Amounts may vary, but the average rebate per family is $122.
If you're enrolled with either of these insurers, you should expect to hear from them in the next several weeks. Premium can be refunded in one of the following ways:
- Send a refund check in the mail.
- Deposit a lump-sum reimbursement to the same account that was used to pay the premium.
- Reduce your future premium.