New Proposal Makes Rebates to Consumers Tax Free, Increases Transparency
WASHINGTON, DC–(ENEWSPF)–December 2, 2011. Today, the Centers for Medicare & Medicaid Services (CMS) issued a final regulation that will ensure health insurance companies spend at least 80 percent of consumers’ health insurance premiums on medical care, not income, overhead and marketing. Insurance companies that fail to meet the new standard are required to provide a rebate to consumers.
Known as the Medical Loss Ratio (MLR),…
