I just received a rebate of $512.00 from BCBS NJ!!!!!!!!!!!!!!!

[Walk away]

And my rates have been lowered (I don't know how much yet)!!!!!!!!!!!!!!!
The credit covers 3/15/11 to 3/15/12 and the premium rate billed after that period takes into consideration any rate cap that may apply to me.....Weeeeeeeeeeeeee!!!

THANK YOU OBAMA CARE!

[hedgehog]

1. kick!

[rufus dog]

2. Congrats! nt

[1StrongBlackMan]

3. Was that rebate ...

In the form of a credit for future premiums, or was it a check?

[Walk away]

7. It was a credit. They took it off of this month's premium....

...so my August bill was only $418!

[dixiegrrrrl]

17. You were paying 1,000 a month premiums??????

Did I figure that correctly?

I am glad you got a "rebate" and hope your premiums stay low and affordable.

[druidity33]

32. Around $1200 for a family of 3 here. nt.

[smaug]

66. Arkansas -

I pay (with additional dental + cancer add on policies) aroun $1,377 a month.

[Walk away]

38. Because I have had cancer twice....

My premiums are VERY high. New Jersey also has some of the most expensive health insurance in the nation and we are not allowed to form or join groups. The only groups allowed are employers. The self employed are shit out of luck.

I don't even have very good coverage and my deductibles are high. I was hoping for the exchange but because of that blood sucker Christie I will have to wait a few more years.

[Control-Z]

42. Have you tried NASE?

I'm not saying the insurance is great but they are the National Association for the Self Employed and offer private policies that are a little more affordable. We've had a family policy with them for years. Our agent said that with a pre-existing condition he signs up the family and then after 6 months adds the person (with the pre-existing condition) to the policy. I haven't tested his words but it might be worth a try.

PM me if you want details. I wish you all the luck in the world. You certainly deserve it.

[Walk away]

72. NASE works for some people but I have a history of hospital stays...

and I need major medical. NASE's limits for hospitals stays are minimal.

I am just hoping that we can hang on to the ACA and I can purchase through the exchange in 2014. My Governor vetoed the state exchange a few months ago.

[LiberalFighter]

53. You need to find out about the federal exchange.

If states don't implement their own exchange then the federal government gets to step in and create one.

[leftstreet]

4. Such good news! Please donate it to a local clinic

one that struggles to treat the uninsured

[Walk away]

10. I can't afford to donate all of it but you are right....

I will put some of it aside for others since it's a mitzvah!

[louis-t]

5. I'll have to check my mail. BCBS of MI

might owe me a few bucks.

[glinda]

11. I have BCBS (emphasis on B S) in MN and I do not get anything I think.

I pay my own way and they kept raising the rates as I dripped the amount of coverage so now pay near what I used to for less.

[spanone]

6. mitt wants that money...put it in an envelope and mail it to mitt, NOW.

[malaise]

20. ROFL

[Ruby the Liberal]

8. Are you under an employer plan, or self-pay?

[Walk away]

12. I am self employed and since I am in NJ I pay the highest premium in the country!

Screw that noxious blob Christie for vetoing the "exchange" that the Senate voted to start. In NY, right across the river) they are implementing Obama Care already!!

[Ruby the Liberal]

13. No Exchange in NJ?

Of course.

[crunch60]

21. Christie has government paid for health insurance, (gift from taxpayers) , he should

be forced to go to the gym, lose weight, and take nutritional training classes. He also needs a proper Dr. check-up to ascertain that he does not have an unknown psychological health issue. As tax payers, we have a right to know that our health dollars are being spent wisely.

[SDjack]

25. Are you sure about that? Maybe nature should run

its course. Is there a way that I can get a pizza delivered to him?

[JustAnotherGen]

35. He lives in Mendham

Try Pizza Brothers

[cstanleytech]

62. Nah, I think we should send him donuts, Krispy Kreme ones.

After all a donut a day keeps the doctor away!!!

[Walk away]

69. We call him Gov. Kris Krispy!...nt

[kag]

59. I NEVER use this acronym, but...

you definitely made me LOL!

[Ruby the Liberal]

28. Another note - since you are self employed

I just read an article where these rebates may be considered taxable income this year. You may want to put some of that back until IRS guidance on it is published since you file quarterly.

[Walk away]

39. I have plenty of write offs this year. A little more income won't effect me much. nt

[Ruby the Liberal]

40. Good to hear.

Enjoy your windfall!

[LiberalFighter]

56. I would argue that it isn't taxable income since it was the policy holder that paid it originally.

Unless, it was paid directly from the business and then the employee keeps the rebate. That would be taxable income. It all depends on who paid the premiums and how much was the business and how much by the covered person.

If it was me as the owner of the business I would put it back into the business. And put it to productive use so it helps the business and and is wrote off as a tax write off.

[Sgent]

63. If you deducted it on year one

then it would be taxable income in year two. If you never deducted it, it wouldn't be taxable at all.

If the rebate is available to you in the form of a check (even if you take it as a premium credit), it would be taxable.

That being said, it really wouldn't effect business returns if used as a credit. But for personal returns it could have an impact if you take a medical deduction in year 1 and cannot in year 2.

[femmocrat]

9. Wow! What a nice surprise.

I read that the average will be around $150, more or less. Since my employer pays much or most of my premium, I'm expecting to be on the low side.

Good for you and hooray for Obamacare!

[LiberalFighter]

57. Gee I wonder how many businesses will be complaining

about having to pay lower premiums for themselves and employees?

[CatWoman]

14. now

this is what I'm talking about!!!

[Tennessee Gal]

15. Hope to hear many more stories like this!

Good for you!!!

[Politicub]

16. Congrats! N/t

[Skraxx]

18. Yup, Rebates =Game Changer

Just try repealing Obamacare after all the checks go out.

[The Jungle 1]

19. this helps

Wonder how many people who are against ACA will change their mind when the checks start arriving.

[moparlunatic]

22. How will it work with employer based

insurance. Mine was changed to a much crappier plan because of increases. I'm sure my employer will just be giddy with all the rebates they will receive. Weeeeeee!!!

[dsc]

29. If you pay a percent of your premium

then you will get that percent of the refund that your policy generates.

[ejbr]

23. Are you taking us to lunch?

[Walk away]

41. At the Dosa Hut! Everybody can order the Dosa Masala for $2! nt

[whathehell]

46. Oooooh,,,I love dosas!..n/t

[Historic NY]

24. Its going to be an AH HA moment when they get checks in hand...

and find out its because they've been overcharged.

[WinstonSmith4740]

26. Very, very cool!

You need to call your local TV station and get hold of their consumer reporter and talk about this. Shout it out!!

[SDjack]

27. Good deal !!! Thank you Barack, Nancy, and Harry.

Using Faux Newz math, I'm going distribute mine this way:
113% to the Obama campaign.
155% to the Food Bank
142% to ... ah, I'm keeping that.

[doc03]

30. If you get your insurance from your employer who gets the

rebate?

[Indykatie]

31. Employer Sponsored Plans that are Self Funded do Not Qualify Fully Insured Plans Do

The rebates on insured plans should be split between the company and employee but the company will have to figure it out since the insurance company has no information on the amount paid by the employee.

[Ruby the Liberal]

34. Do you have any links that talk about this?

What do they do in the case of COBRA where the ex-employee is paying 102% of the premium?

[Ruby the Liberal]

33. Thats what I am trying to figure out.

Looks like small companies and self-purchasers are at anything over 80%.

Large companies are at 85%, but I can't find any specifics on it, like if the company gets a check, or employees directly, or what happens with all of the people who were on expensive COBRA last year whose companies didn't pay anything against the premium (like employees would see).

[SunSeeker]

36. K&R

[4lbs]

37. Freaking socialist!

[Tarheel_Dem]

43. K&R

[Ship of Fools]

44. Spread the news of your good fortune FAR & WIDE!

[Walk away]

70. I tell everyone! The pukes just hate it! I can tell they really do want to call me a socialist!

But they don't have the balls!

[LaurenG]

45. Congratulations and I guess we should say thank you to Kathleen Sebelius

she is an ex insurance commissioner and wouldn't let the insurance companies off the hook.

[The Wizard]

47. And over at Pox News

Some say the rebates as a result of the Affordable Care Act will be coming from the pockets of job creators who have vowed to move their money to off shore tax havens and stop creating those high paying jobs that keep the economy on the brink of collapse, but not quite falling into the abyss.

[4_TN_TITANS]

48. Welfare / Gov. handout Queen...

just kidding!

It's about time some of those healthcare-for-profit funds came back to us. That phrase 'Health Care Industry' just blows my mind.

[DebJ]

49. So beautiful: economic stimulus from insurance companies right before the election, ah!

[cbdo2007]

50. Yeah, I don't see how rates can get out of control when the govt is regulating how much

they have to spend on medical expenses vs administrative expenses. They can raise the rates as much as they want but will just be forced to give refunds.

[KansDem]

51. Yeah?!! So where's happy hour?!!

New Jersey, eh? If I left now I could be there tomorrow evening!

[mary195149]

52. Was there an explanation

of the rebate check that it was because of the ACA or Obamacare?
I hope these checks are letting people know why they are receiving it. There will be some people who will not want to acknowledge Obama did something good for them.

[Walk away]

68. No, they just say it is because of the "caps". The cap is the part of ACA that caps...

the amount of profits companies can skim off our premiums but they don't say a word about why.

[robinlynne]

54. get out. This is real?

[grantcart]

67. Because of Obama Care $ 1.2 billion is being sent back,

In liberal states like Hawaii nothing is being returned because state law has already done the job.

In Texas 92% of those that do have health care will be getting a check.

[slackmaster]

55. I stayed at a Holiday Inn once

[The Last Democrat]

58. I received a refund check notice

in the mail last month for $225.00. It will be a credit for next month’s premium which is $250.00 dollars. It stated it was because of the ACA, (Obama Care) which I knew was coming, I just didn’t know when.

Am sure more will be in the mail now that the court has passed it magic wand over it. I can’t for the life of me see why people (the general public) vote against their own best interest in cases like this.

[BobbyBoring]

60. WOW!

I haven't got a check yet, but I now pay ZERO for generic drugs. That's going to save me thousands with all the crap they have me on!

THANKS OBAMACARE!

[WilliamPitt]

61. Walk away is paying. Belly up to the bar!

[flamingdem]

64. Question for anyone: How do we find out if we're due a rebate?

I switched companies so I'm worried they won't send me my rebate. Should I call? Is there usually a web page?

[Liberal_in_LA]

65. wonderful. kick

[mzteris]

71. My company's plan is up for renewal

They're offering to LOWER our premiums! across the board.

[blaze]

73. Link for those who were asking

http://www.healthcare.gov/law/resources/reports/mlr-rebates06212012a.html

edit to add:

This is the email I received from my employer:

=====================================================

Medical Premium Payment

The District will disburse a benefit premium payment to employees who participate in the District’s Kaiser health insurance plan as of July 1, 2012. The District will make this payment in July 2012. The funds for this payment come from the Premium Deposit Account provided for in the various employee group agreements with the District. Pursuant to those agreements, the District Insurance Committee has approved this disbursement.

Beginning August 2012 your 2012/2013 premium will resume.

For the July 2012 payment, please note the following:

Our records indicate that you enrolled in the Kaiser DHMO Plan. Your paycheck for July 2012 will show a one-time, additional amount of $268.03.

An employee will see a difference in pay only if s/he is enrolled in a Kaiser Medical Plan as of July 1, 2012.

Coverage will not be impacted.

Federal, State and Medicare taxes will be withheld as appropriate.

===============================================

I wonder how many of my coworkers know this is the result of ObamaCare?