CFI Care (not its real initials) sent me a form letter to tell me that they would not be sending me a check:
The Affordable Care Act requires health insurers in the individual and small group market to spend at least 80 percent of the premiums they receive on health care services and activities to improve health care quality (in the large group market, this amount is 85 percent). This is referred to at the Medical Loss Ratio (MLR) rule or the 80/20 rule. If a health insurer does not spend at least 80 percent of the premiums it receives on health care services and activities to improve health care quality, the insurer must rebate the difference.
It would be nice if Healthcare.gov, the Federal site that details some of these factoids, had actually posted a list of insurers and the MLR for each. (If in fact they do, I apologize, but they need to do a better job of spelling out where it is.) Still, it was no particular trick to find the pertinent number for my own carrier: 86.
Inasmuch as the line before the quoted text says flatly “You will not be receiving a rebate,” I suspect some people heard about this on “the news” (as distinguished from the news) and just naturally assumed they’d be getting a check, which presumably they could use to buy a free lunch.
Healthcare.gov did provide a breakdown at the state level. Apparently nobody at all in New Mexico will be receiving a rebate.