This year, many Americans are going to be getting a rebate from their health insurance companies. It will come from the insurers who failed to meet the requirements of the medical loss ratio. This is the first time since that law was passed that rebates will be issued. Will your insurance company be sending you a rebate? The medical loss ration, or MLR, went into affect in 2011. This is a health insurance reform law that is designed to help consumers, (not health insurance companies). The MLR was created in order to prevent insurance companies from spending the majority of … Continue reading →

The medical loss ratio is a part of the Affordable Care Act. By now, you have probably become aware that the Affordable Care Act is a series of health reform laws that are designed to improve health care, and health insurance, for consumers. The medical loss ratio is also a wonderful thing for consumers. The medical loss ratio is a law that requires health insurance companies to spend a specific percentage of the money they get from premiums on medical claims, or activities that will improve the health of their customers. For most insurers, the amount is 80%. However, really … Continue reading →