Blue Shield To Distribute $283M Among California Policyholders

LOS ANGELES (CBS) — Blue Shield has announced that its California policyholders will be getting a $283 million credit on their December insurance premiums.

Individual policyholders will get an average of $135, while families of four will get roughly $420.

Blue Shield says it’s fulfilling a promise to return money to policyholders when its net income exceeds two percent of revenue.

The company says it has spend less on medical claims because customers have cut back on medical care.


One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio

Listen Live