MLR Refunds - Just in Time for the Elections
- Thread starter Yagents
- Start date
IRS rules on MLR Rebates, direct from the IRS website. Taxable if you tax deducted the premium. No 1099 required unless it is over $600.
Medical Loss Ratio (MLR) FAQs
Medical Loss Ratio (MLR) FAQs
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- #24
Got this email from Aetna today, don't spend it all in one place:
We're very pleased with Aetna's and Coventry Health Care's results. Across the entire country, Aetna and its subsidiaries, including Coventry Health Care, are paying a total of $33.6 million. This represents approximately 0.15 percent of premium Aetna earned in 2013 for the MLR rebate eligible pools.
The rebates we are paying are modest, and most policyholders/employers won't receive a rebate at all
We're very pleased with Aetna's and Coventry Health Care's results. Across the entire country, Aetna and its subsidiaries, including Coventry Health Care, are paying a total of $33.6 million. This represents approximately 0.15 percent of premium Aetna earned in 2013 for the MLR rebate eligible pools.
The rebates we are paying are modest, and most policyholders/employers won't receive a rebate at all
excessive long hold times and jacked up administrative practices are a direct result of the MLR... Thanks Sen. Rockfeller for causing all this damage
- 8,448
Not to mention that the million or so $dollars$ it takes to calculate and distribute the MLR refunds is in itself an administrative expense that has to be offset by reducing other administrative expenses, like commissions.
I've never read about any consumer using the MLR refund to benefit his/her family, or for any other reason. None of my clients have ever received one for that matter.
000.15% off of their estimate.
I said it before, and I'll say it again, actuaries deserve a friggin medal for being so damn good at their jobs.
There is no other industry, no resource or office or government, that comes close to this kind of accuracy (especially considering it's a new risk pool, with new regulation, new networks, new products, and 0 experience, a whole year in advance).
I said it before, and I'll say it again, actuaries deserve a friggin medal for being so damn good at their jobs.
There is no other industry, no resource or office or government, that comes close to this kind of accuracy (especially considering it's a new risk pool, with new regulation, new networks, new products, and 0 experience, a whole year in advance).
