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That amount represents the share of rebates for individual GovGuam employees from the roughly $8-million dollars Calvo SelectCare returned to GovGuam in August under the Affordable Health Care Act's Medical Loss Ratio mandate. That mandate requires insurers to spend at least 80% to 85% of the premiums they receive on health care for subscribers.
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Manglona said "We're hoping to get the autnomous agency's checks out today [Friday]. And we're also going to be cutting the individual rebates for the employees" but those checks won't be mailed out until early next week she said.
The autonomous agencies are not paid directly by DOA. They handle their own payrolls. Once they receive the rebate funds, they in turn will cut new checks and distribute them to their employees
There are roughly 10-thousand checks being mailed out. The amounts of the checks range from $5 dollars to $500 dollars.
The rebates very depending upon the amount of premiums paid by members for the type of plan they chose, and the number of people covered under that plan.
READ the release from the Governor's Office below:Dir. of Administration to distribute early next week
FOR IMMEDIATE RELEASE
September 14, 2012
Director of Administration Benita Manglona and her staff have completed calculations and will release health insurance rebate checks to GovGuam employees and retirees.
“The Governor said this money belongs to the employees and retirees, so we worked around the clock to get this done,” Manglona said. “I thank my staff here at DOA and the staff at the Department of Revenue and Taxation for all the hard work they put into this monumental accounting effort. There was a lot of reconciling that needed to be done, and they were committed to getting these checks ready.”
The checks are being printed right now and will be distributed early next week.
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