Health Insurance Rebates

This article from The Hill sounds like good news to most, but we don’t see it that way.

It’s hard to comprehend the shear amount of $1 billion. As stated in the article, it’d be enough to purchase a private island and rub elbows with the Waltons, Elon Musk, or Jeff Bezos.

While many would be excited to hear that health insurer are giving back $1 billion in rebates this year to their members, we at AXIM see through the façade. They’re keeping your eye on the prize in one hand rather than the trick they’re pulling behind the curtain with the other. The only reason they’re giving money back is because they took too much of your money in the first place.

The Affordable Care Act rule requires health insurers in the individual and small group commercial markets to spend only 85% of their premium incomes on members’ healthcare costs. The rest of this money goes to pay for their administrative expenses, marketing expenses, and their profits. Once those “leftovers” exceed the allowed amount, they have to give the excess back to you.

Given the current state of inflation and financial pressures around every corner, does it feel right for your health insurance provider to be using your money for their gain? We didn’t think so. That’s why we at AXIM are fully transparent and refuse to keep you hidden from the true costs of your coverage. You deserve the best care available while keeping costs manageable, don’t let the big guys convince you otherwise.

Let us pay attention to both hands for you, feel free to reach out to our experts so we can help protect you. Contact our team of experts at or follow us on LinkedIn.