Blue Cross to Refund $50m to Seniors and Small Firms ; Lower Claims Left Big Surplus
The Record, Bergen County, NJ › February 05, 2004
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Summary
The check will be in the mail for more than 100,000 seniors and tens of thousands of small businesses when the state's largest health insurer refunds $50 million in premiums next month, executives said.
The "health-care affordability dividend" will amount to slightly more than half a month's premium for members of Horizon Blue Cross Blue Shield of New Jersey.See the full content of this document
Extract
Blue Cross to Refund $50m to Seniors and Small Firms ; Lower Claims Left Big Surplus
On Wednesday, the company also promised to do the same for nearly 50,000 people who buy individual health policies - but only after state lawmakers pass a new insurance law it wants.
The refunds will come out of the non-profit company's $870 million surplus, which grew last year by 25 per...See the full content of this document
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