HHS announces $332 million in 2013 premium rebates under MLR
AHA News Now
Jul 24, 2014
About 6.8 million Americans will receive premium rebates averaging $80 per family from health insurers who did not meet medical loss ratio requirements in 2013, according to a report released today by the Department of Health and Human Services. Under the Patient Protection and Affordable Care Act, most individual and small group health plans must spend at least 80% and most large group plans at least 85% of premiums on direct medical care or quality improvement efforts or rebate the difference to policyholders annually by Aug. 1. For more on the 2013 MLRs and refunds by state and market, visit www.cms.gov.