Live Webinar | How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds
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Live Webinar | How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds
September 14, 2020
Join us this month for an overview of the Medical Loss Ratio (MLR) and when employers will be entitled to an MLR rebate. We will discuss employer obligations regarding MLR rebate funds or other insurance refunds and the options that are available to employers when keeping a portion of the rebate and distributing a portion of the rebate to plan participants.
This webinar will:
Describe what the MLR is and when employers are entitled to a rebate
Discuss how the rebate is determined when an employer has employees in several states
Describe how employers can divide the rebate between the employer and employees
Describe how an employer can determine the percentage of the rebate it can keep including when an employer contributes different amounts for different groups of employees
Describe whether former plan participants and COBRA participants are entitled to share in the rebate
Describe when an employer can keep the entire rebate
Discuss how an employer may use its share of the rebate for ERISA plans and non-ERISA plans
Discuss how an employer may distribute the plan participant portion of the rebate and when such distribution should be made for ERISA plans and non-ERISA plans and the tax treatment of the various methods of distribution
Discuss how an employer handles receiving a rebate for one insurance policy when it has multiple policies
Discuss an employer’s use and distribution of an insurer refund that is not an MLR rebate (for example, due to lack of utilization due to COVID-19)
Discuss what an employer should include in its plan documents regarding MLR rebates and other insurer refunds
This 60-minute intermediate level webinar will help employers understand their obligations when they are provided an MLR rebate or other insurer refunds and the different ways in which the funds can be used.
Join us this month for an overview of the Medical Loss Ratio (MLR) and when employers will be entitled to an MLR rebate. We will discuss employer obligations regarding MLR rebate funds or other insurance refunds and the options that are available to employers when keeping a portion of the rebate and distributing a portion of the rebate to plan participants.
