City of Knox Receives Insurance Rebate


The City of Knox is getting a rebate from its health insurance carrier, thanks to a provision in the Affordable Care Act. It caps the amount of premium money companies can spend on advertising, sales, salaries and promotion at 20-percent. The remaining 80 percent has to be spent on actual healthcare benefits.

Knox Clerk-Treasurer Jeff Houston says Anthem BlueCross-BlueShield sent the city a check for $2,426.44. The city pays 85-percent of employee insurance premiums, so they will get 85-percent of that money. Each individual employee who is enrolled in the plan will get a check for 15-percent, which Houston says is about $20. He shared that information with the Knox City Council when they met last evening.