Previous Webinars Are Posted in the Calendar Webinar Archive Section
October 13, 2020 Webinar: How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds
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 emloyer 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 distribtion 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.
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 under ERISA and other state and federal laws governing employee beneift 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.
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You are much more than an account or a customer at Dennis Insurance Group!
You are our client and we are your partner; it is about understanding your world, your culture and your people.90% of your assets walk out of the door every night, we can help you make sure they come back. This is reflected in our responsiveness to questions from management and employees alike, in how we thoroughly explain benefits packages, helping employees thoroughly understand their benefits, filing claims appeals and ensuring they are paid when necessary.This is also seen in our expertise on employment and tax related issues and our constant pursuit of making your life easier.
These things are made possible through our investment in our business – our investment to you – as a proud owner of United Benefit Advisors (UBA).By combining diverse talents, seasoned experience, innovative technologies and strategic partnerships, UBA firms offer employers exceptional employee benefits advisory services that are unmatched in the industry.As trusted advisors, UBA firms help their clients manage over $16 billion annually in employee benefit expenditures on behalf of 10 million members.
Through UBA, we have the technology available for all clients, large and small, to be able to streamline processes and communicate effectively with our office and your employees.Through our ownership and affiliation with UBA, we remain on the cutting-edge of trends, technology and legal issues that affect our clients.
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