HR pop quiz: Health insurance rebates

As mandated by the Affordable Care Act, health insurers must meet a minimum medical loss ratio of 80 percent in the individual and small-group markets, and 85 percent in the large group market, and issue rebates if they don't. When can customers expect these rebates?

 

 

A) June 1, 2012

B) July 1, 2012

C) Aug. 1, 2012

D) Sept. 1, 2012

A) June 1, 2012

Incorrect. Try again!

B) July 1, 2012

Incorrect. Try again!

C) Aug. 1, 2012

Correct!

Rebates must be paid by Aug. 1 of each year, beginning in 2012.

D) Sept. 1, 2012

Incorrect. Try again!

 

 

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