Broker Check

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

| October 06, 2020

As a reminder, The Affordable Care Act requires insurance companies to spend at least 80% or 85% of premium dollars on medical care (  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.