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Alert: Medical Loss Ratio (MLR) Rebates on the Way

| October 06, 2020
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As a reminder, The Affordable Care Act requires insurance companies to spend at least 80% or 85% of premium dollars on medical care (cms.gov).  When this threshold is not met, insurers return funds to policyholders. 

The reconciliation is complete for 2019 and checks are on their way to plan sponsors.

As a health insurance plan sponsor, you have fiduciary responsibilities regarding the use of the MLR rebates and have 90 days to complete any applicable distributions of the rebates.  If you are a current Tycor client and would like assistance in analyzing your options, please forward copies of your refund check(s) to your account manager. 

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