Employers that might get health insurance rebates should be talking to legal advisors about how they will use the money.
The lawyers — Brian Pinheiro and Edward Leeds — give that advice in a commentary distributed by Ballard Spahr L.L.P., Philadelphia.
Pinheiro is a partner at the law firm and Leeds is of counsel.
The Patient Protection and Affordable Care Act of 2010 (PPACA) requires health insurers to spend at least 85% of large group revenue and 80% of individual and small group revenue on health care and quality improvement efforts or else pay rebates.
Employers with insured group health plans or insured plan options that had medical loss ratios (MLRs) below the PPACA minimums could get MLR rebate checks in the next few weeks, Pinheiro and Leeds write.