Helpful Health Information From My Health Insurer
Today, in the mail, I got something unexpected from my health insurance company. It wasn’t a bill, and it wasn’t a scary letter about cancellation. Instead, it was a helpful little pamphlet with advice about dealing with asthma. Part of the Affordable Care Act includes something called the medical loss ratio. It requires health insurance companies to spend at least 80% of the money that they get from customer’s health insurance premiums on things that actually can improve a person’s health. The insurer cannot include things like salaries, advertising costs, or other administrative costs in that 80%. One of the … Continue reading