Get Ready: It’s MLR Rebate Time Again

Now’s the time to pay attention to 2017 medical loss ratio (MLR) rebates. PPACA requires insurers to submit an annual report to HHS accounting for plan costs. If an insurer does not meet MLR standards, they must provide rebates to policyholders. Rebates must be distributed to employer plan sponsors between Aug. 1, 2017, and Sept. 30, 2017. Employers should keep in mind that, if they receive a rebate, there are strict guidelines as to how the rebate may be used or distributed to employees.

For more information, please contact your advisor for a copy of “Medical Loss Ratio Rebates: A Guide for Employers” or “Medical Loss Ratio: PPACA’s Rules on Rebates.”