Friday, April 27, 2012

Are Those MLR Rebates Taxable Income or Not?

On December 7, 2011, the Department of Health and Human Services (HHS) issued final rules on the calculation and payment of medical loss ratio (MLR) rebates to health insurance policyholders. Rebates are scheduled to begin being paid during 2012. The following questions and answers provide information on the federal tax consequences to a health insurance issuer that pays a MLR rebate and an individual policyholder that receives the MLR rebate. Information is also provided on the federal tax consequences to employees when a MLR rebate stems from a group health insurance policy. These FAQs were last revised on April 2, 2012. 

Click Here to see the FAQs and continue reading.

No comments:

Post a Comment