Massachusetts Consumers to Receive Health Insurance Rebates

More than 350,000 Massachusetts residents will receive $75.6 million in rebates from health insurers, reports WBUR. 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. Under Massachusetts law, 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.