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?
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A) June 1, 2012
B) July 1, 2012
C) Aug. 1, 2012
A) June 1, 2012
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B) July 1, 2012
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C) Aug. 1, 2012
Correct!
Rebates must be paid by Aug. 1 of each year, beginning in 2012.
D) Sept. 1, 2012
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