Establishes a medical loss ratio for dental insurance of not less than 82% for calendar year 2024 and thereafter.
Dental insurance; medical loss ratio
Dental insurance; set medical loss ratio for insurers
Dental insurance; set medical loss ratio for insurers
Dental Plans Medical Loss Ratio
Dental benefit plans; establishing formula for medical loss ratio; exempting certain dental plans; requiring annual rebate for certain plan years by certain plans. Effective date.
Health insurance; approval of rates to dental plans, medical loss ratio.
Dental benefit plans; creating the Medical Loss Ratios for Dental (DLR) Health Care Services Plans Act; definitions; formula; reporting to Insurance Department; data verification; rebate calculation; rates; effective date.
Requires dental insurance carriers to report on medical loss ratio data annually.
Providing for dental insurance medical loss ratios; and imposing penalties.