This year's rebates work out to roughly $299 per plan member in the individual market, $127 per member in the small-group market and $95 per member in the large-group market.
Private insurance companies expect to pay more than $2 billion in rebates to consumers under the Affordable Care Act this fall. This would be the second-highest amount ever issued, according to a Kaiser Family Foundation analysis.
The rebates, which are calculated based on the share of premium revenues that insurance companies paid out for health care expenses and quality improvement, are roughly $400 million lower than last year's record high of $2.5 billion but more than 50% higher than the $1.4 billion insurers sent back to policyholders in 2019.
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