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Marsh & McLennan Agency, known locally as Insurance Associates Blog: Title

Marsh & McLennan Agency, known locally as Insurance Associates Blog

Medical Loss Ratio Rebates – Nice! But could there be more….?

Soon (and no later than September 30th) many businesses who sponsor fully-insured group health insurance plans will be receiving annual medical loss ratio rebates. These unexpected checks are nice, but are you still leaving money on the table? Could there be more?

The answer is “yes” if your company’s claims experience is better than average. The rebate is based on your insurer’s experience for a large group of policies in your state.  If the claims on all these policies were lower than the required MLR percent, all included groups receive the same percentage rebate. However, if your claims experience at your company was better than your group’s average, you may still be leaving money on the table!

MMA, a MMA Company, offers cutting-edge health insurance programs that gives you the full benefit of your own good claims experience and your savings is not limited based on your insurer’s overall experience. These new programs also provides caps on your cost should you have unfavorable claims experience in a given year. Have we gotten your attention yet? If so, contact us TODAY for info on these unique programs that many health insurance plan sponsors are unaware of. 301.838.9400. Ask for Ed Kushlis.

About the Author: Ed joined the team at Marsh & McLennan Agency, known locally as Insurance Associates in 2014. He began his career as an insurance industry specialist at Deloitte. In his twenty one years with an international insurance broker, Ed had several roles in Finance and Operations, the last being CEO of the Baltimore Office. Ed then joined the leadership team at a regional diversified financial services firm, helping to triple their revenues over his eight-year tenure. At MMA, a MMA LLC Company, Ed is leading our strategic growth initiatives, including sales and recruiting and alternative risk management programs. Ed resides in Rockville with his wife, and in his free time enjoys golf, tennis, and travel.

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