Actual numbers. I received the following email from my employer today. Edited for privacy.
Quote:
Dear [glatt],
The firm has calculated the employees’ share of the 2016 medical loss ratio (MLR) rebates received from Cigna in accordance with Department of Labor (DOL) guidelines under the Patient Protection and Affordable Care Act (PPACA). The total rebate received by the firm for plan year 2016 is $426,299.00.
Rebates will be in the form of a medical insurance premium credit on the first December payroll for actively enrolled Cigna participants who participated in a Cigna plan during plan year 2016. The premium credit attributable was allocated proportionately to the Cigna medical premiums paid by individuals in 2016 to which the credit applies.
Your specific premium credit amount is: $242.12. Please note that since medical premiums are deducted on a pre-tax basis, your premium credit will slightly increase your tax withholdings since your remaining medical premium due on your first December pay will be less than usual.
If you should have any questions, please contact benefits@[employer].com.
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$242.12. Thank you Obama. And thanks for keeping the insurance companies honest in this area.