More than 350,000 people in Massachusetts will begin receiving health insurance rebates in September.
State insurance regulators announced Tuesday that the rebates will total $75.6 million and benefit people covered by individual or small employer plans issued by five insurance carriers. In 2024, a similar round of rebates totaled $51.6 million.
The rebates are required when an insurance carrier’s average medical loss ratio over a three-year period falls below the state threshold that requires insurers to spend at least 88% of premiums on health care services for individuals and small group policyholders…