Snidely Whiplash
Recycles dryer sheets
- Joined
- Apr 12, 2009
- Messages
- 206
Are health insurance company payout ratios and uninsured fines still in place?
Due to personal circumstances I haven’t really followed the intricacies of private health insurance and ACA issues as much as I should have recently. Please forgive me if my terminology is not quite correct. As it relates to private health care insurance policies ….
(1) I remember several years ago receiving rebate checks if the private health insurance plan didn't spend the appropriate percentage amount on claims. I haven’t received a check like that in several years. Should I assume insurance companies are no longer bound by that requirement?
(2) Is the personal penalty for having (or rather, not having) health insurance still in place? Are the low cost catastrophic health insurance plans still available?
Due to personal circumstances I haven’t really followed the intricacies of private health insurance and ACA issues as much as I should have recently. Please forgive me if my terminology is not quite correct. As it relates to private health care insurance policies ….
(1) I remember several years ago receiving rebate checks if the private health insurance plan didn't spend the appropriate percentage amount on claims. I haven’t received a check like that in several years. Should I assume insurance companies are no longer bound by that requirement?
(2) Is the personal penalty for having (or rather, not having) health insurance still in place? Are the low cost catastrophic health insurance plans still available?
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