100 Ways To Make Money : Florida Health Insurance Rebates Are Due August 2012 - This August, Florida health insurance organizations are expected to pay back an estimated 706,000 Florida residents in the form of rebates mandated by the medical-loss-ratio mandate of the Affordable Care Actver $100 million in health insurance rebates are projected to go to customersnder the new rule created by the Patient Protection and Affordable Care Act in 2010 called the minimum medical loss ratio, insurance companies are only allowed to spend 20 percent of their total premium revenue on administrative costs for individual and small group policieshe remaining 80 percent must be spent on health careor huge group policies, insurers are required to spend 85 percent on medical care and 15 percent on administrative expenses such as Advertising and profitailure to comply would mean giving back the unused premium money to policyholders in the form of rebatesnsurance organizations in Florida began reporting their financial figures this month to give federal officials sufficient ... [Read More - 100 Ways To Make Money]
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