Issuers that do not meet these requirements must provide rebates to consumers. Rebates must be provided by September 30 following the end of the Medical Loss Ratio (MLR) reporting year. For the 2015 reporting year, issuers are required to pay rebates by Sept. 30, 2016. Employers that expect to receive rebates should review the MLR rebate rules and decide how they will administer the rebates.
Did your firm receive a check from an insurance company? What are your legal obligations?
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