ITs the time of year when insurance carriers are required to rebate if they spent less on claims then required. NOTE- These rebates have to be returned proportionally to your employees. First, calculate the percentage that the employees paid, and then calculate the percentage of THAT amount that each employee paid.
Aetna will only be paying small group NY rebates, none in NJ or in large group
Horizon – no rebates
Oxford- rebates in NY and NJ large OHP platform, but not in small group or OHI platforms.
Cigna- no rebates