Guam - Staywell Insurance will be distributing $3.5 million in
rebate checks to employer groups in Guam this
week. The rebates are a requirement
under the Affordable Care Act for insurance companies that meet the Medical
Staywell will distribute the large and small groups a rebate check
before August 1 and each company will be responsible to determine the
distribution method of the rebates. It
will be up to the companies to decide if they will reduce the premiums for the
coming year or distribute the rebates to Staywell subscribers.
"The refunds and rebates are a direct result of Staywell's
quality initiatives, excellent case management, and members being proactive
about their health and wellness," expressed Staywell president, Francis E.
The only other health insurer on the island that will be releasing
rebate checks is Selectcare, which that will be releasing $11.8 million - $8
million of which will be going to the Government of Guam.