Plans rebate money to members

NEWS IN BRIEF — Posted Oct. 4, 2010

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Policyholders in two states are expecting checks, reduced rates or rebates from their health insurers.

Anthem Blue Cross and Blue Shield in Colorado agreed to pay 90,000 of its members a combined $20 million in an agreement reached with state regulators Sept. 15. The deal ends a state investigation into whether the company overcharged for individual coverage in 2010. Anthem did not admit to any wrongdoing and said it agreed to the settlement to avoid the cost of litigation. Members will be notified in November or December about their portion of the settlement, which will be applied either as a lowered premium or a check.

Meanwhile, Blue Cross and Blue Shield of North Carolina announced Sept. 20 that it would pay 215,000 of its members rebates totaling $155.8 million. The company said it was able to pay the one-time rebates because the effective date of some health system reform provisions means the company doesn't need to hold as much money in reserve.

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