How Obamacare is helping you now

Most of the provisions of Obamacare haven’t even kicked in yet, but a few pieces of the legislation have taken effect. For instance, thanks to the rule that “requires insurance companies to spend at least 80 percent of subscriber premiums on health-care claims and quality improvement initiatives” 12.8 million Americans will receive rebates from their insurers who didn’t comply with the requirement.

The rebates will range from around $115 up $807, depending on where you live. And yes, the insurance corporations are being required to notify you that you’re receiving this rebate thanks to Obamacare. Chances are if they weren’t required to do that, they would take credit it for themselves. Also, people in group plans through their employment, won’t be getting the money directly. It will go to the employer who then has options about how to distribute it. I imagine there are some employers that might not mention it to their workers without the notification.

And let’s not forget this provision of Obamacare that is also already in effect:

Of course, there is one stumbling block to receiving these rebates. If the U.S. Supreme Court rules against Obamacare, then you are unlikely to get those rebates and those millions of young people will lose their coverage. SCOTUS is expected to announce their decision perhaps as soon as next week.