Thousands Of Ambetter Health Insurance Policyholders To Get Rebates

The policyholder rebate is based on the company’s overall financial activity, not on its handling of individual medical claims.

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About 190,000 Georgians with health care policies from Ambetter of Peach State are getting rebates of $314 each. The payouts are required under a rule in the Affordable Care Act.

The insurer owes a total of $59.8 million to its individual policyholders in Georgia, according to newly released federal figures. That’s a large chunk of the more than $65 million that must be paid by Georgia insurers.

Ambetter’s parent company, St. Louis-based Centene, owes $216 million nationally in rebates, according to an analysis last month by the Kaiser Family Foundation.