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View Diary: I received my check today. Thank you, Obamacare! (16 comments)

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  •  Question: (1+ / 0-)
    Recommended by:
    chancew

    Are the refunds going only to those who had individual accounts? I was covered through my employment at a university (SC BCBS), now retired and getting the coverage as secondary (to Medicare). So ... um, am I not getting part of the approximately $8,000,000 that BCBS has been ordered to pay?

    Being the single intellectual in a village of 1,100 souls ain't much fun, especially when 1,099 of those don't think you're all that smart.--Lucy Marsden

    by Miniaussiefan on Wed Jul 18, 2012 at 03:29:03 PM PDT

    •  I'm not quite sure. (0+ / 0-)

      My mom asked me that also. She has a $68/wk deduction from her check for health insurance.

    •  (Probably) Not a check. (0+ / 0-)

      According to the rules as explained in this pdf, if you're in a group insurance, the insurance company has a choice of providing your employer with a reduction in premium or a cash return; your employer must then pass the same along to you in proportion to the portion of your premium you paid.

      So, for you, it will likely be a lower rate on what you pay out for your secondary coverage. Those that aren't retired will probably get a line on their paystub. There's a chance the university may end up sending you a check, but I wouldn't bank on it til it's in your hands.

      •  Thanks--very helpful. (0+ / 0-)

        I'll call the university's benefits office and ask them.

        Slightly off-topic: I still wonder why my BCBS costs did not go down after I retired and they became my secondary coverage. I once asked an employee of the company why this was - she said something like, "Well, you still pay the same amount because we are your secondary coverage." Which requires a "WTF" thought. When she said, "Well, you are older now," I had to ask why, then, was my coverage as high as it is now when I was younger. It seems to me, I said, that my rates should be lower (and besides, I'm healthy and have had no extraordinary claims). Doesn't that make sense? "Well, she said, "I guess it does."

        Oh, me. And we wonder why health care coverage is so expensive.

        Being the single intellectual in a village of 1,100 souls ain't much fun, especially when 1,099 of those don't think you're all that smart.--Lucy Marsden

        by Miniaussiefan on Thu Jul 19, 2012 at 04:43:46 AM PDT

        [ Parent ]

        •  That employee was ignorant. (1+ / 0-)
          Recommended by:
          Miniaussiefan

          The real trick is to understand what BCBS is offering that rate against, because it's not you, the individual. It is you, the large group of employees (and retirees), as designated and paid for by the university, and that group of employees is comparatively static in the long run.

          This is the same reason that the refund does not come directly to you; you are not BCBS's customer, your employer is. Your employer just passes a portion of the price along to you, in the form of payroll deductions for an active employee, or whatever system is now in place for you the retiree.

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