Webinar: How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds - Bim Group

Webinar: How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds

Tuesday, October 13, 2020
2:00 p.m. ET / 11:00 a.m. PT

Register Now

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.

Register today while seating is still available.

NOTE: If you would like to view the webinar but are not able to attend, we encourage you to still register as you normally would. All registrants will receive a replay and copy of the presentation afterwards. 

If you are a Bim Group client and missed the client-specific invitation, please email info@bimgroup.us with the CLIENT NAME in the subject line to have the preferred employer code emailed to you.

 


PRESENTER

Lorie Maring is a partner in the Atlanta office and a member of the Employee Benefits Practice Group. She has extensive experience in all areas of employee benefits, including health and welfare programs, qualified and non-qualified retirement plans and executive compensation. She routinely advises employers, including non-profit and government employers, trade associations and employee benefit insurance and risk management consultants on the complex compliance and day-to-day issues arising under ERISA and other state and federal laws governing employee benefit plans and programs. Lorie also advises employers on compliance issues involving the Health Insurance Portability and Accountability Act (HIPAA) and Affordable Care Act (ACA), employment tax, the employee benefits and executive compensation aspects of mergers and acquisitions, and handling IRS and DOL audits and ACA penalty assessments.

 

This series is brought to you by your Partner Firm of United Benefit Advisors — the nation’s leading independent employee benefits advisory organization with more than 200 Partner offices in the United States, Canada, and the United Kingdom.

 

Recent Insights

June 23, 2021
Webinar

Webinar: Legal Considerations in Safely Returning to Work

Tuesday, July 13, 2021 2:00 p.m. ET / 11:00 a.m. PT Register Now The COVID-19 pandemic has resulted in workplace closures for over a year. Due to the increase in vaccinations and declining infection rates, many states are lifting stay-at-home and business closure mandates so that the country can return to business as usual. To […]
Read more
June 16, 2021
Compliance Alert, IRS

IRS Tool for Advance Child Tax Credit

2-MINUTE READ TIME On June 14, 2021, the IRS issued a news release which unveiled an online Non-filer Sign-up tool designed to help eligible families who don’t normally file tax returns register for the monthly Advance Child Tax Credit payments, scheduled to begin July 15. The tool is also designed to help eligible individuals who don’t normally […]
Read more
June 15, 2021
Compliance Alert

May Compliance Recap

10-MINUTE READ May 2021 was a somewhat busy month in the benefits industry. The absence of a significant of amount of agency guidance during the summer months is to be expected. However, the IRS finally issued guidance on the temporary 100% COBRA subsidy mandated by the American Plan Rescue Act of 2021 (the ARP), following […]
Read more
June 9, 2021
News

BCBSA Antitrust Settlement Classes Eligible for Proceeds

2 MINUTE READ November 5, 2021 is the deadline for filing a claim in connection with the Blue Cross Blue Shield Association (BCBSA) $2.67 billion settlement reached in October 2020. The class action lawsuit was filed more than eight years ago by subscribers seeking injunctive and compensatory relief arising out of BCBSA’s alleged violation of […]
Read more